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

To: Chuzzlewit who wrote (19592)	4/19/1998 12:10:00 PM
From: The Ox	Read Replies (1) \| Respond to of 95453

Looking at this daily chart for MDCO makes me think that this stock is ready to move higher. The chart is blue since Feb and MDCO continues to make higher lows. Short term it is in the trading range 21 to 24 but a significant move above 24 would appear to be a breakout. 207.95.154.130 I am long MDCO and I really like the way this chart looks. Good news from the biggies, HAL, SLB, etc could fuel this sector and MDCO. To change the subject, I have been looking at a number of stocks in this sector and have continued to use 10 times 1999 earnings as a gauge for valuation, but not limiting my view solely to this benchmark. HMAR and TMAR in particular seem very cheap when using this view. Even as estimates for 1999 come down because of the current oil price weakness, it seems one can make a compelling argument in favor of these bargains. Michael

To: Chuzzlewit who wrote (19592)	4/19/1998 12:57:00 PM
From: jbe	Read Replies (2) \| Respond to of 95453

I think bad karma in the drillers is infectious, and I must be an unwitting carrier. And I thought I was the carrier! As a would-be long-term buy & holder, I selected the stocks in my portfolio with all the care that an amateur can muster. To qualify, they had to pass all kinds of tests: 1) relatively low valuation ratios (with special emphasis on free cashflow ratio); 2) low debt; 3) high (and sequentially higher) cashflow/eps/sales growth; 3) good projected growth, together with high company growth ratio (i.e., low PEG ratio). I assumed that the stocks that managed to jump through all those hoops would not disappoint me. So I lined them up and sat back, waiting for them to breed & multiply, as it were. Guess what! They didn't! (That is, some did -- but not enough of them.) Their virtues were not rewarded by investors. They had -- o, the injustice of it all! -- BAD KARMA! AND I HAD DONE IT TO THEM! Fuzzywits (aka jbe)