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Technology Stocks : COMS & the Ghost of USRX w/ other STUFF -- Ignore unavailable to you. Want to Upgrade?

To: Scrapps who wrote (13439)	3/6/1998 7:17:00 PM
From: David Lawrence	Read Replies (1) \| Respond to of 22053

>>are any of these close to a good entry point? I like both ESV and GLM, I have orders in on both. I already hold ESV. Make no mistake about it - oil commodity (XON, CHV, etc), drillers (ESV, PKD), and service sector (GLM) is a very cyclical sector, since it's driven by both the price of oil (and NG) and demand. The cycles can run for years, but can have sever spikes when "events" happen. I'm looking at these as long-term investments. I'm in the camp that says current crude prices will move up due to strong demand, and the drillers and related sectors will be rewarded with higher PEs. There have been few if any new rigs added during the past decade, and there is new activity in building new rigs to fill the current shortage. I think that bodes well for the industry going forward. If you are thinking about establishing a position, my suggestion would be to place a reasonable stop if you want to limit your downside exposure.

To: Scrapps who wrote (13439)	3/6/1998 8:34:00 PM
From: Dwight E. Karlsen	Respond to of 22053

Scrapps, I would have to say no. RIG and DO in particular are fairly extended, and I wasn't surprised by today's pullback. I'm not trying to jump in and out of these stocks, and I sure hope they don't go back down to my buy price. A guy named Donald Sew on the Tech Stock Options thread is as good as any I've seen at determining buy-in days etc., and he also says the OSX (Oil Services Index) is overbought: Message 3622454 My guess is that on one of the days next week the oil svs will begin rebounding again.