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

To: RGinPG who wrote (18318)	4/7/1998 11:14:00 AM
From: mph	Read Replies (1) \| Respond to of 95453

Ron: I think perhaps the problem is that today is Tuesday. That was the killer day for this sector last week. Wednesday was obviously a much better day. On a related note, I think I will excise all red clothes from my wardrobe. That color is becoming so boring! mph

To: RGinPG who wrote (18318)	4/7/1998 11:16:00 AM
From: rocklobster	Read Replies (2) \| Respond to of 95453

FGII just lit up and has already traded more volume today than all of yesterday/ and just hit it's high for the day. Last time the momentum chart looked like it did last night on FGII it was in FEB. 2 when it burst from 28-35 in two days. The momentum on FGII on the charts has crossed over from negative to very positive and looks real good. later. Richard Disclaimer: I am long FGII and am holding for minimum 34.5 short term By the way, Look at that OSX reversal off its support at the gap filling hope it holds VBG FGII up another 1/4 just since I started posting this.

To: RGinPG who wrote (18318)	4/7/1998 11:17:00 AM
From: Broken_Clock	Respond to of 95453

RG...I was thinking of lightening up on ESV but even with oil down a bit there are some good buyers for ESV at 26. We'll see how it goes. it would be nice if oil held above $15. Did anyone see NBR kast night? the Bridge analyst had an oil chart that was interesting. Looks like there is a ceiling on oil. I couldn't make out the exact numbers but the chart was clear that oil is below long term support still.

To: RGinPG who wrote (18318)	4/7/1998 11:20:00 AM
From: marc chatman	Respond to of 95453

OT LOL, you read my thoughts. Actually, I've learned my lesson, but I don't think everyone else has. I'm holding and may buy more, so gear up for some real pain! On the more serious side, I did some more research yesterday on DO (in which I have a small position), and I think it may be the most compelling driller now on a valuation basis. The only real negative I see here is that they have a huge fleet, so any additions to their fleet will not add as much %agewise to their bottom line. But they have a good program of upgrading rigs, particularly the semi-subs. I also looked at a 3 year chart of Loewes Corp., and the Tischs' record for increasing the price of the stock over that period isn't too bad - almost a triple. DO is also at a relatively low PE compared to its historical PE levels. The first and second quarter estimates are for substantial year over year increases, so even at the same PE going forward, there should be some nice appreciation.