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

To: The Perfect Hedge who wrote (12606)	2/23/1998 3:35:00 PM
From: marc chatman	Read Replies (1) \| Respond to of 95453

Staking your life is pretty drastic. Are you shorting? If so, which stocks?

To: The Perfect Hedge who wrote (12606)	2/23/1998 3:40:00 PM
From: Lucretius	Read Replies (1) \| Respond to of 95453

<<<<<<<<<<<<<>>Mark this post, because I predict that before June, the drillers will be a fair amount higher than they are now.<<I'd stake my life on it they won't be higher.It's clear as day to me. GD>>>>>>>>>>>>>> Glen, you crack me up! (gg) You have to ask yourself. The mkt is aware of everything that we are aware of. So, w/ oil down TODAY $1, what has changed in the L-T picture since drillers are not tied to spot prices but rather large oil co's perception of oil prices 2 to 3 yrs out. So, Glen are you looking for sustained declining oil prices down to $10 expected for the next 10 yrs. If so, you're right the drillers won't be up. If you're wrong, we'll never see these prices again. Additionally, oil prices WILL be higher this summer from their lows during the spring. So, is this the low? We're probably close so I'd be willing to bet the drillers will be well off current prices. But hey, I'm just a peasant. I only buy L-T trends. -Lucretius

To: The Perfect Hedge who wrote (12606)	2/23/1998 4:20:00 PM
From: Dwight E. Karlsen	Read Replies (1) \| Respond to of 95453

....they won't be higher.It's clear as day to me. Exactly, Glenn. It's as clear as day to everyone that drillers have sucked, suck now, and will suck....so...where's all the sellers [going to come from]? I noted with pleasure that the volume on today's downdraft was....nothing to speak of. I checked two drillers that were above avg, and the volome % was 8% and 13% above normal...some drillers declined on below average volume...I don't see panic selling. DK