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

To: Lucretius who wrote (14275)	3/10/1998 1:07:00 AM
From: waverider	Respond to of 95453

LT: Absolutely. I agree. Didn't want to drive you nuts. Ah, yeah, well maybe I just wanted company... HOWEVER, it still looks to me that it is the "appearance" of an oversupply in something having to do with oil that is driving our stocks down and that is what people seem to be focusing on...logical or not. As you said, the chip glut had to do with massive build outs and we certainly don't have that in the drilling sector. But what we ARE seeing is a glut of oil (or the appearance of one), as we had with chips, and the investing public is treating the companies involved in getting the stuff the same way they did the chip producers. I know that is not the proper way to see these companies, but I'm not the market. Is the market really that irrational? I think it is and that we are right and the market is wrong, but the current situation is certainly trying my patience. And this $12 oil stuff...please, I need some sleep. Diamond H