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

To: HH who wrote (18082)	4/5/1998 12:32:00 PM
From: Thean	Read Replies (1) \| Respond to of 95453

Heyward, are you saying your independent friend still do not see relief from $15 oil after it moved up from $13? Has he a feel as to when his business will recover? Or is he too despair to say another word?

To: HH who wrote (18082)	4/5/1998 1:07:00 PM
From: ViperChick Secret Agent 006.9	Read Replies (1) \| Respond to of 95453

This is a tough market to call. However, the oil sector is not like owning GE It doesnt matter what the fundamentals are...You are subject to the whims, machinations, politics of foreign governments...all having their own agenda. My mother invests long term...and I mean long term. She has had GE for decades. She is nervous about the market and asked me if she should sell and lock in her gains. I literally choked on my Diet Coke on that one. I told her no way.....give some of the stock to me next year at her cost basis..because of tax implications....and no, I won't sell it either. So, I have been toying with the idea of doing the same thing with an oil stock because of how beaten up they are.... Having her buy it, hold it while it appreciates (assuming it does) and give it to me at cost basis. However, even for long term investors, my thinking is NO not right now. Yeah you might see something pretty....it might do you alot of good because you can whirl and twirl and show off with it and be condescending about the "cute stuff"....but if you dont need it right now...why buy it when you can get it at a cheaper price later. I may short term trade this sector...but for long term I am not buying yet.