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

To: Robert Floyd who wrote (16193)	3/23/1998 5:58:00 PM
From: Flan	Read Replies (1) \| Respond to of 95453

Don't worry about your investment in GLM - it is a great deepwater play and they should show solid numbers in the coming year - Wish I could say the same was true for my CLTDF(computalog) - Company just reported a $1.50 cn year and the stock is 50% off its high and there was not even a single trade in the stock today - The bid didn't even move up an 1/8 - Now that is something to be worried about..... Stay with GLM I think you will be happy a year from today...

To: Robert Floyd who wrote (16193)	3/23/1998 6:36:00 PM
From: B Michael Johnson	Respond to of 95453

James O'Shaughnessy has a book out titled "How to Retire Rich" which is fairly good but probably too boring for this crowd. It's strictly index type strategies. He cites several interesting studies that show people let their emotions dictate too much in stock purchase/selling decisions. We probably all know this but they actually paid people to do studies on this. I mention it because one of the largest mistakes people make in the market is to sell too soon after they've made a couple percent (especially if they've just gotten past even after a dismal performance period). As the world demand for energy continues to grow, this sector will reward investors. A great quote from the book is "There are no traders or market timers on the Forbes 400, but there are many, many investors." Sorry for the sermon ... but hold onto these stocks if you concur with the LT view. Most analysts/commentators can't see the forest for the trees so don't let their opinions shake you out.

To: Robert Floyd who wrote (16193)	3/23/1998 7:40:00 PM
From: SJS	Respond to of 95453

Robert, I think you'll be fine. I have beaucoup. (french for "a lot"). It was 36 or so at the zenith late last year. Just take a long term view. If not, then you're in the wrong stock, and probably the wrong sector. Is it a trade or an investment? We won't go straight up, and we may go down, and most certainly will go sideways some of the time. How does 23-24 sound? Low 20's? Bother you? If so, carefully analyze why you bought this sector. Really....just take a longer term view. Put it away and DON'T watch it. It won't tank, and it won't be 30 tomorrow either.