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

To: diana g who wrote (23649)	6/8/1998 5:20:00 PM
From: Dragon 1	Read Replies (1) \| Respond to of 95453

I sort of figured a resemblence between the oil ministers, opec or non-opec and the investors in this sector: say one thing and do another. I bet a lot of the "bulls" or even "dogs" have already shorted this sector from last Thursday. It's normal, though, considering that oil price is still declining. For the longs, don't despair. Markets go up and down; I bought FLC for 26 1/2 and sold for 32 1/8. Today I am in again. It's just too dangerous to be a short in this sector at this level. If I were a short, I would be worried every night about the war and peace of the Middle East which plays the trump card in the oil market. I would be afraid that the next day I wake up, the Saudis, Kuwaites and Iraqis would be at each other again. I don't trust the oil ministers and their verbal cuts, but I would count on the geopolitics there. That is the ultimate factor that will save this industry and OSX. Gee, am I being too capitalist?