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

To: SliderOnTheBlack who wrote (23039)	5/29/1998 11:15:00 AM
From: marc chatman	Respond to of 95453

EVI started as a buy by CSFB. I bought back into EVI, FGII, and VRC this morning. Looks like I overpaid a bit for the VRC. I wanted SCSWF, but it gapped big time. There is just a huge volume of RIG being traded today. Does anyone have an idea what's going on? Also looking like larger than normal volume on SII.

To: SliderOnTheBlack who wrote (23039)	5/29/1998 11:37:00 AM
From: waverider	Respond to of 95453

CDG appears to be the #1 breaker on the downside. I'd stay away from that one after this morning's action. Folks, after seeing this morning's open, I only bought FGII and VRC. Both are two of the few companies in our sector that have been getting earnings upgrades. I shorted more NE. The drillers at this point look VERY sick. With oil this low for this long AND confirmed day rate drops, it is not logical to put one's money there now. I'd stick with the service companies...if one must invest, because the MARKET is very sick as well. <H>