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

To: SJS who wrote (15743)	3/20/1998 11:43:00 PM
From: D. Chapman	Read Replies (3) \| Respond to of 95453

Hello folks, I finally capitulated and sent in my payment to SI after lurking for a long time. There has some good information on this thread and some not so good information... I recently called PTEN, the land driller, to find out what percent of their rigs are being utilized with crude at these levels and they said 70%. I'll be calling NBR, PTEN, UTI, and BDI on Monday to find out their current rig utilization, how many rigs they have online, what percent of their rigs drill for natural gas, their current BPD output, and if I can talk to their CFO's I'll try to get some other information. If there are any questions you would like me to ask when I call, post them and I will ask for you. Personally, I don't like the short term outlook for oil drillers and service stocks. They are rallying primarily to the Venezuelan statement that they are willing to reduce OPEC and Non-OPEC production by up to 2 million BPD. Though this reduction would be a positive for the sector, it would mostly be a psychological one. If something comes out of the upcoming meeting, fine, but if not, short at will as crude will go into a tale spin. Natural gas has been acting extremely well lately and I have been accumulating a recent IPO that drills primarily for natural gas. Best of luck. D. Chapman

To: SJS who wrote (15743)	3/21/1998 12:12:00 AM
From: davep	Read Replies (1) \| Respond to of 95453

Steve,I trade otc big caps.I don't trade small or third tier stocks on the nasdaq(anybody who does is asking for it especially if theyre a short term trader)you can buy junk on vse for that.otc stocks with spreads greater than 1/8 are usually quirky and poor traders.You cant deny the facts: the top 30 otc stocks have tighter spreads than the dow.Limit orders are fine for buying lt investments but for quick moving volatile markets and intraday trading you'll be left in the wind.I trade almost exclusively otc and almost exclusively at market and i'll verify that i never get burned and always get hit in between the spread and quickly.

To: SJS who wrote (15743)	3/21/1998 12:13:00 AM
From: ViperChick Secret Agent 006.9	Read Replies (2) \| Respond to of 95453

1/16 spread on Dell????? INTC???????? MSFT ????? the biggies on the Nasdaq... yeah right...once in a blue moon unless things have changed since I last traded them...i admit ..its been awhile and dont forgot those stocks that have 1 1/2 spread..happens all the time..