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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Thean who wrote (10669)	2/5/1998 10:49:00 AM
From: Tom DuBois	Read Replies (1) \| Respond to of 95453

I'm a daily lurker and infrequent poster...learning a whole lot from you guys and enjoying the other "banter". Been in and out of FGII and GIFI for short term gains. Back in GIFI now and thinking of reentering FGII. Any thoughts on where this pop will take us?? Can FGII be traded at these levels?? BTW, you may remember me...I'm the poor soul who is still stuck in UFAB!! Appreciate any views. Tom

To: Thean who wrote (10669)	2/5/1998 11:08:00 AM
From: Ms. X	Read Replies (1) \| Respond to of 95453

Hey everyone, Now, I know we aren't supposed to give direct investment advice and everyone needs to make there own decisions. I've wrestled with the decision to post a stock pic I received from Tom Dorsey. He sent it to me for the "oil guys". Now, please make your own decisions, kay. Check FA etc. Not often does Tom send me a direct stock pic. Here goes: "Buy GLM at $26 stop order. In other words buy at $26 breakout. Let the oil guys know the play is $26. T" What that means is. At 26 the stock breaks a triple top and moves through its bearish resistance line. He means 26, not 25 7/8 or 25 15/16. Need to see it can break resistance. There ya go. For those who don't know who Tom Dorsey is check dorseywright.com. You may have seen him on CNBC or in Barrons, Wall Street Journal etc. Jan

To: Thean who wrote (10669)	2/5/1998 11:18:00 AM
From: Lois R	Read Replies (2) \| Respond to of 95453

Hi Thean and pz 1) there really has been no difference in current dayrates vs.December. 2)(stacking) They have 89 rigs, 12 are stacked. Those stacked do need some capitol expend. They are there because of lack of demand at this time. 4 & 5)No buy back at pres. time - Feeling is to grow by aquisitions, etc. They have about 50 Million in balance sheet. 6 & 7) Historically, 1st quarter is soft. Pioneer is still using all rigs. Things are not exactly as dire as when this was first announced. Very good probability that there will be fewer rigs then originally thought called off contract. Audit will be completed around Feb. 13 - then earnings will be announced. UTI is more heavily into Gas drilling then oil New contracts generally not announced like they are in the D/W sector Lower contract rates among land drillers over the full spectrum have really been on an isolated basis L