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

To: Broken_Clock who wrote (17248)	3/30/1998 9:37:00 PM
From: Teddy	Read Replies (3) \| Respond to of 95453

PK, yeah, those are good targets for where we open tommorrow, then figure another 20% down from there. Then once we get a few land drillers talking about missing earnings do to falling dayrates, cancled projects and the papers are filled with stories about stacked rigs... Let's start a new contest: guess the first offshore driller to drop below $5. Teddy's guess: NE

To: Broken_Clock who wrote (17248)	3/30/1998 9:46:00 PM
From: Lucretius	Read Replies (1) \| Respond to of 95453

You guys make me giggle. Oil doesn't have to go up every day for the drillers to do well. Oil must only stabilize. It has. Oil will be heading up slowly as the yr goes on and demand catches up w/ supply. Check the futures, notice how the K's get higher as you go out. May Oil is down .20 in overnight trading and everyone throws in the towel.-- LOL!! We're headed up from here kids. Not in a straight line mind you, but up! I do not see us retesting lows. But if you are fearful, dump your stock or sell your calls. Nobody ever made a dime w/out taking a little risk. Like I've been saying, (funny how it has come to be true): you will never know when the turn occurs and when it does some will disbelieve it all the way to new highs, claiming "no this is a fake rally, we're headed back down." Nobody is going to slap you in the face and say, "hey buddy, your drillers are headed up from here." Good luck! -Lucretius