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

To: drsvelte who wrote (15937)	3/22/1998 7:46:00 PM
From: David Einstein	Respond to of 95453

From mutual funds interactive site, in an article about the manager of Vanguard Windsor II: He holds a significant position in stocks in the energy sector, including Amoco, Schlumberger, and Philips Petroleum. He began buying them about a year ago, and believes that short-term difficulties have made them relatively inexpensive compared to the rest of the market. These problems include unusually warm weather in the US, and competition from Saudi Arabia. "Many investors are overlooking some of the longer-term positives for the oil industry," he notes. "Right now, the US consumes about one-fourth of the world's oil supply. But demand from elsewhere is almost certain to increase. Countries around the world are moving from bikes to scooters to cars. That's going to be a powerful and positive influence on oil prices in the years to come."

To: drsvelte who wrote (15937)	3/22/1998 7:56:00 PM
From: Lucretius	Read Replies (1) \| Respond to of 95453

Higher oil prices will also lengthen Asia's problems as fuel will now be that much more expensive (no $150 Nikes for them for a while (ggg)) I really do think this is the turnaround. I've said this several times before, but when you don't buy these stocks for their fundimentals and just hold, you end up outguessing yourself. Like I've said, we won't know that the turnaround has occured until it already has. Even now, when it appears quite apparant that these stocks are beginning a new uptrend w/ oil probably moving back to 16 this week and increased demand for cooling and driving hitting this summer, as well as a MUCH colder winter, many on this thread are debating whether to sell calls or even sell into strength tomorrow. I could be totally wrong, but I still say you hold your position and ride it up. we're going higher this time. No amount of TA or guesswork will help ya. You must have conviction. Good Luck! -Lucretius

To: drsvelte who wrote (15937)	3/22/1998 7:57:00 PM
From: marc chatman	Respond to of 95453

>>What are folks going to do at the open tomorrow?<< I'm going to watch with a big smile on my face. I don't think anyone could predict accurately where these stocks will open, so a limit order put in at the open is IMO a real crap shoot. There will likely be many buyers and not too many sellers, so we should see some delays for order imbalances. We are particularly likely to see any remaining shorts start to head for the hills. I will be monitoring all the stocks in this sector which I usually follow and see where they go in the first 15 or 20 minutes. If something I like seems neglected, I may add to my position. But, I'm in it for the long term.