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

To: Wayne Olive who wrote (16083)	3/23/1998 10:30:00 AM
From: Bazmataz	Respond to of 95453

GLM a relative lagger... again. BAz

To: Wayne Olive who wrote (16083)	3/23/1998 10:51:00 AM
From: Swede	Read Replies (2) \| Respond to of 95453

OK, gang, while it is still fresh in our minds: OPEC can't influence the oil market anymore?? Give me a break. ANY outfit that controls 40% of ANY commodity can make the bulldog sit up. As far as it "holding" -- that is basically irrelevant in the long run. The important thing is, they've put oil back in play -- it's come off the death-watch. Hell, it's all psy-chology anyway. If it was fundamentals, we'd all already be rich. But that's the point: When you've got the fundamentals, all you have to do is wait for any one of a dozen possible events to change investor psychology -- as has been pointed out by a number of people on this thread during the periodic mass-suicide meetings here since January. ( "Oil is dead, drillers are through for at least two years, or until Asia clears up," etc. etc.) Purple Kool-Aid will NOT be served at the Rig party!