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

To: waverider who wrote (22134)	5/15/1998 6:29:00 PM
From: waverider	Read Replies (1) \| Respond to of 95453

Well folks nice day today...outside that is. Sun and a slight breeze. How 'bout those drillers? To control my euphoria I did the following today: -Bought more FGII and MDCO ($ from my previous ESV and option sales). -Wrote PK another note on economics. -Contacted the local brewery to see if they could ship my favorite beer to the rig party (no...they only ship to Price/Costo). -Made plans to clear the weeds off a little property I own which has this little land rig on it doin' little nickel/dime/quarter pumping motions (after today...maybe penny/nickel/dime). -Reviewed my favorite Dog post to remind me the reasons WHY I invested in this sector in the first place. Reasons confirmed. Have a great weekend folks. And remember, there STILL are not enough straws in the ground to pull up the oil we need in the future. Not even close. <H>

To: waverider who wrote (22134)	5/15/1998 6:41:00 PM
From: Broken_Clock	Read Replies (1) \| Respond to of 95453

Now back to the drillers.... Oil having busted down thru double support in one day is very bearish near term. Selling on volume is becoming more prevalent in the last couple of days. Check out MDCO today! By experience, I would advise buying at long term support. i.e. CDG is 46, 40 and 32. If oil does a big reversal next week then we not see those prices. In the past OPEC took a couple of weeks to get things together. It only takes 2-3 days for these puppies to drop. NE went from 30+ to 23 in 7 days. Good news is that they can go up just as fast! I don't see any good news on the horizon until OPEC meets. Anybody else care to make a call? OT India said today they would use nuclear weapons for "self defense". Over 200 reported dead in Jakarta riots. POG thread has excellent article on G-* meeting(un-official topic is unease over "bubble" US stock market...fear that 20% correction could trigger global recession.(These are the guys in power folks, not me saying this stuff).