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

To: Thomas M. who wrote (13278)	3/2/1998 12:03:00 PM
From: SJS	Read Replies (1) \| Respond to of 95453

Tom, Why do you think FGII broke out first? I don't disagree that it is a potential purchase, but why is this your leader?

To: Thomas M. who wrote (13278)	3/2/1998 12:04:00 PM
From: marc chatman	Respond to of 95453

My thoughts are to stay diversified within the group. Numerous posts have pointed out that the deep water drillers are protected somewhat from the low oil prices. And service and exploration companies are getting the M&A consideration. And fabs such as FGII have huge order backlogs. My guess is that all will participate in any rallies, but avoid holding a single stock because you leave yourself vulnerable to company specific news. (I'm sure I haven't said anything you don't already know.)

To: Thomas M. who wrote (13278)	3/2/1998 12:19:00 PM
From: Broken_Clock	Read Replies (1) \| Respond to of 95453

Thomas, I concur on the long term view. However, OSX has backed down quickly from 107.82(107.2 at the moment). It appears that the OSX is forming a slightly uptrending channel. OSX must break 108 and hold in order to break out from the forming channel. Clear sailing to 113 after that. Again. Many may not ascribe to TA but many funds and traders do. They control the majority of money driving these stocks. They know w 108 means to the OSX If we get afternoon move up and hold above 108 then I would will go long again.I think if we get 108 then most likely we will slam through convincingly to at least 109. I imagine a lot of buy stops will be triggered and we'll be rockin'.The best strategy right now for long term investors is to see if we back down from 108 and if so I would consider selling March calls. PK