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

To: marc chatman who wrote (14768)	3/13/1998 4:36:00 PM
From: The Perfect Hedge	Read Replies (2) \| Respond to of 95453

Marc- I think you're right.I'm sitting on the sidelines now and just looking at the activity on the drillers,it seems hopeless right now.I don't think 98 will see much of a rebound for these guys.Oil is forecasted to stay in this price range for a while and you know what that means....Remember what the ceo of Rowan said on CNBC just 2 months ago...If oil falls below 15 and stays there for 60 days then we're in trouble.....He said it and it's happening?Why play these stocks right now?I really think these stocks are about to fall off a cliff.. GD

To: marc chatman who wrote (14768)	3/13/1998 4:41:00 PM
From: marc chatman	Respond to of 95453

Technicians: Is FGII so technically broken after today that it is better to walk away now? I believe in its fundamentals, but after today it is likely to be shunned until the next quarterly earnings report can prove that it doesn't suffer from the same production problems as HLX. And between now and then the stock is likely to take more hits. It has now made a lower high and a significantly lower low. Looks to me like support at about 24 and 20. Does anyone have a more positive read?