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

To: Bazmataz who wrote (21696)	5/8/1998 1:05:00 PM
From: JZGalt	Read Replies (1) \| Respond to of 95453

There's something in this stock price that we're not yet aware of... I would not be too sure about that. I've been tripped up more than once by assuming news was out, freely available and factored into a stock only to get blindsided on both the up and the downside when the realization of the news finally factored into the stock. For most people I would assume the news on the CEO change has not been factored in. The lack of leadership in the management roles was one stumbling block. Now that it has been removed, GLM deserves another look. Another point is all the *news* about day rates and I use the term loosely. One day they are rising, the next they are falling. Rigs are fully utilized or not depending on company. Outlooks are gloomy or not depending on company. The prices are not quite as cheap as they were only two months ago, so I believe people are cautious and unwilling to buy into the laggards where there is/was uncertainty. For those of on the list that are truly longer term investors, this isn't much of a factor, but if you missed the initial rise from mid-March, it might be enough to make you hesitate. That's my 2 cents.