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

To: LTK007 who wrote (15390)	3/18/1998 7:19:00 PM
From: Lucretius	Read Replies (3) \| Respond to of 95453

I wouldn't touch GW w/ Beeble's money.

To: LTK007 who wrote (15390)	3/18/1998 10:33:00 PM
From: SJS	Read Replies (1) \| Respond to of 95453

NE is top pick and will be the mover of the group if we continue to move. MDCO is really flirting with 20 and waiting for someone to light a fire under it again (rumor last few weeks drove it up into high 21's). I'm still looking at 26 for GLM as the resistance point. RE: GLM........That 26 levels was true over 1000 posts ago...we're still looking at 26 as it's resistance. If it breaks that, we're gone. I wouldn't touch GW with Beeble's money. Is there an echo in here?

To: LTK007 who wrote (15390)	3/18/1998 10:35:00 PM
From: RGinPG	Read Replies (4) \| Respond to of 95453

GLM is a big laggard in my opinion, least likely to go up fast. GW is a land driller, it's cheap for a reason. A lot of people like NE, and for good reason, great fundamentals (and now good technicals). Before you buy, you should answer these questions: 1. What is your time horizon? Days, weeks, months, or years. If it's years, buy almost any of the stocks at rgdoczzz.home.texas.net and you will do quite well. If it's for months, you could be in trouble if you are shaken easily. If it's for weeks, you are guaranteed to lose money unless you have a cast iron stomach. If you are in for intraday or days, I hope you have a good system, because these stocks will absolutely shake the living daylights out of you. If you are in for weeks or days, read #2. 2. Can you buy when everyone else is scared sh--tless, oil is going to $10 per barrell, and every Oil company on earth is cutting E&P spending, and all the brokerage firms have just downgraded your stocks, and CNBC says the sector is going to hell in a hand basket, and on this thread most people are saying this is it, I can't take it any more, I'm out of here? 3. Can you sell when most on the thread are crowing about what geniuses we are, and how stupid all those analysts are, and how WWIII is fixing to start up RIGHT NOW in the Middle East and oil will be at $75 per barrel in just a few weeks, and how it doesn't matter anyway because all these companies will continue to grow at 75% per annum even if oil was at $5 per barrel, and there is news of a shortage of rigs (deep water, shallow water, land, space), and everyone is saying that all the risk is being not invested in this sector, and that you better get in now because these stocks are going straight up this time? 4. Can you find a system that works and stick with it with discipline (I've proven that both those criteria are necessary)? If you can answer yes to these questions, you should be hanging out with Warren Buffet. That having been said, If I had any more money to invest (which I don't) I would buy FLC, NE, DO, and ESV. They've been hit the worst and so may come up the fastest, have the best fundamentals, and are in a subsector with some protection from plummeting oil prices (Deep water drilling). Stay away from the land drillers, they will break your heart. This is the one subsector where we have documented weakness. If I was going to buy one it would be PKD, they have a nice niche. GW will whipsaw your neck right off. Boats are out of favor too, maybe for a reason, but that has yet to be confirmed. FGII If I had any more money, and didn't already own so much (quadruple weighting, started buying at 20 and finished at 28, then sold some because I had a 6X weighting for a while there) I would buy like crazy tomorrow. I will venture to say it will never be this low again. But you know what, you don't have to gamble to make money in this sector. I only trade with 30% of my money at the most, the rest stays long in this sector. Paul Levy's approach is a proven winner, buy growing companies cheap and hold on. You can make educated decisions and win, you don't have to guess. rgdoczzz.home.texas.net