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

To: Thean who wrote (13826)	3/5/1998 5:09:00 PM
From: Don Westermeyer	Respond to of 95453

Money is rotating in to the oil sector, from SmartMoney Interactive today: smartmoney.com In part: AFTER A 94-POINT DROP in the Dow industrials, traders were looking for the market to recover Friday. "I think we'll have a flat day tomorrow, maybe down about 50 points," says Steve Kambour, a trader at Laidlaw Equities. He believes that the "Intel-damage" will be offset by a rotation in the market to sectors other than tech. "Rotation is going to change the face of market you saw today," Kambour added. Mike Driscoll, a trader at Hambrecht & Quist said he saw the beginning of rotation today as investors shed tech stocks in favor of sectors such as oil-drilling, retail and health management. He expects the market to go up tomorrow if unemployment rate, due at 8.30 a.m. EST Friday, come in line with expectations. Kambour, however, thinks that the market will ignore unemployment number, and focus only on earnings.