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

To: Thean who wrote (20735)4/28/1998 10:44:00 PM
From: Lucretius  Respond to of 95453
 
drillers are in a trading range until this mkt stops going down and starts going sideways (note I didn't say up). If oil jumps and inventories fall, we could explode. Still think being hedged is best right now. I'm hearing WAY too many analysts recommend this sector at this time of yr when normally nobody weants to talk about the drillers.

-Lucretius



To: Thean who wrote (20735)4/29/1998 9:58:00 AM
From: RGinPG  Respond to of 95453
 
I agree. It's not unusual to get one or two positive days during the down cycle. If we continue with the same pattern (and I'm constantly amazed at how long this pattern has lasted) we still have a couple to 3 down days to go before the beginning of the next positive cycle.


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