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

To: papi riqui who wrote (21585)5/6/1998 4:18:00 PM
From: Broken_Clock  Read Replies (1) | Respond to of 95453
 
papa...I tend to agree with you. The dow tanked even tho oil was doen, 30 yr. rallied, gold down....big merger. 4 positves and the dow gives up 92 points. osx closed below 120 which isn't good either. ESV showed a strong failure to break out above 30. Might get crazy this week. We need oil above 16 and to stay there.



To: papi riqui who wrote (21585)5/6/1998 4:21:00 PM
From: Czechsinthemail  Respond to of 95453
 
papa, You may be right about the effects of Asia on the overall market and oil-related stocks in particular. The forecasts for a quick recovery in Asia have helped support the demand argument for firming oil prices and increasing drilling demand.
On the other hand, I've been looking for a pullback to buy more shares that simply hasn't materialized. I think there are too many people looking to buy the bargains.
Baird


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