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

To: bw who wrote (11357)	2/11/1998 7:21:00 PM
From: Broken_Clock	Respond to of 95453

bw, I did...however, I have also been mostly in cash since last Thursday. I have no argument with the fundamentals of the group...or with the outlook long term(I may be the most bullish one here on oils future).However, fund money is regulated by managers that will place multi-millions into a company that ain't turnin' a profit...apparently they ain't too smart! So, the "perception" is more important than the reality. Not what we perceive, what the funds perceive. They'll be back...if they still have jobs after the fluff stocks go from PE 100 to PE 11. They are a lot loftier than the drillers ever were so you can imagine how far they can fall. I will continue to bop in and out for now until the masses wake up and get back on board. it works for me. PK