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

To: mph who wrote (14403)	3/10/1998 11:22:00 PM
From: Lucretius	Read Replies (3) \| Respond to of 95453

Others seem to be upset at me and rather nasty this evening so I'll preface this w/ the following in order to avoid further unecessary conflict: This is by no means "the way it is". Just my opinion-- While I don't preface every post w/ a disclaimer, I assume everyone has known that when I post a "theory" and not a fact or personal knowledge, it is just my opinion and nothing more. Theory goes like this: We based from Jan to early May I believe. On the day that the trend changed to the upside we retested (some broke) the lows of Jan, and it appeared as if the sector was collapsing. The next day we were up, and so on till you entered during the summer. Last yr during this period the talk on crude was not as negative as now obviously, but it was very negative. Nobody was saying: buy drillers. Most were discussing the possib of oil breaking $17 udring that period. It didn't. Check out Baird's post. API draws on storage are increasing, give things time, and you'll see great returns but you won't realize things have turned until they already have. I didn't? In fact, I was holding my breath the day NE plunged down 3 and hit 15 briefly, but I held to the S & D fundimentals, and it paid off big. I believe the same will go this yr. Hope that helps. -Lucretius