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

To: Thean who wrote (13636)	3/4/1998 7:44:00 PM
From: The Perfect Hedge	Read Replies (2) \| Respond to of 95453

Thean- Where do you think EVI goes from here?It's still in an uptrend but can't give back much more. Any chance investors will see that they are now the 4th largest co in the osx sector and this purchase was a good thing for them?GD

To: Thean who wrote (13636)	3/4/1998 8:13:00 PM
From: davep	Read Replies (3) \| Respond to of 95453

The one and only indicator that predicts the accurate direction of this sector is support+resistance.Stochastics,BB's,blah,blah they have all failed in this sector.Look at glm as the perfect example resistance at 26,glm goes right up to it and sells off and closes below its prev. close(ugly).I think the only one that bucked the trend was mdco which closed in plus territory and never went neg. today.mdco did break pretty tough res.@20 but has a bigger one @21-21.5(mdco sold off real good when it tried 21).I thinx mdco is the only hope for this sector tomorrow maybe it can drag the others up.I bought mdco yesterday at close for the mo move but realized we were close to res levels in most of these stocks.However i thought mdco and the rest given yesterdays exc. mo move,would gap up a lot better than they did,thus i placed my sell market order at 9:37.BTW,it took 10 mins to fill that market order is mdco now being handled by the same clowns who burn you trading fgii?

To: Thean who wrote (13636)	3/4/1998 11:58:00 PM
From: William L. Oppenheim	Respond to of 95453

Why apologize for that position. cheap oil will fan demand, and to make up for the price drop, the companies will produce more, unless they want to lower their own standard of living. Producing with the current technology is obviously quite feasible, so the oil drillers and service companies ought to be even more busy. The idea that because oil is cheap, the companies will somehow curtail production so that the price will go back up is contrary to capitalist greed, and common sense. What if the price doesn't go back up; the companies have lost their ability to unload inventory at the higher prices present on the way down, and will eventually have to unload at even lower prices.