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

To: waverider who wrote (23654)	6/8/1998 7:08:00 PM
From: Snowshoe	Read Replies (1) \| Respond to of 95453

Diamond H, Enjoy your retirement! Since you still own this sector, remember to take some Metamucil three times a day... Greg

To: waverider who wrote (23654)	6/8/1998 7:30:00 PM
From: Grommit	Read Replies (1) \| Respond to of 95453

It retrospect it is quite easy to play the patch, isn't it? Stocks are linked to oil price no matter what is said. The amateurs here and there said than oil would not go below ____ (pick a number). We heard from industry professionals (CEOs and such) via Conf Calls and press releases saying that even at $__ oil, they would not cut their E&P budgets. We heard from scientists and economists saying long term oil prices will rise due to depletion and demand. Everyone full of shit, some not intentionally. Now why are these stocks linked to oil prices? Because ultimately oil prices pay the bills. Even if E&P budgets would not be cut at $xx, when the price falls to x+3, the risk is higher. Because at $x-1 (or even at $x if the professionals were too optimistic) things happen. People get nervous. If this is your belief, you get out until you see oil production and stockpiles reverse. If you believe the conspiracy theories, that the institutions got out and told their buddies and are all playing chicken to see who will call the bottom and dive back in first. That it will be a scramble when the big boys buy back in. If you optimistically view it this way, you do not want to miss it, so you hang around and die a slow one. Waiting. A random turnaround, it seems. Takes no intelligence, just patience. The problem is, this outcome could be miles away. And the signals are unclear. False positives and assorted head fakes. Maybe it ain't so easy. ;o) But I am sure sharpening my investing claws on this scratching post of a sector. Broke a few also.

To: waverider who wrote (23654)	6/8/1998 9:14:00 PM
From: drsvelte	Respond to of 95453

Diamond So you kissin' dis tread off, yeh -- leavin' us like chicken necks floatin' on a crab line off Grand Isle? Hey cher, us stuck wid you even though you fell to shortin' Noble -- mon ami! Man dat a crime agin' nature hereabout. (Jus' tween' you and self, I shorted stink outta dat GW when it was 10 -- haha!) But, hey, you gotta do what you gotta did! We all wishin' you da best -- like a 55 gal. drum of dat crawfish bisque! (Man, like screw your annuities -- you could retire on dat!) Like you check in ever once and while, tell us what you writin'. We got dat smart dude jbe to tell us what you writer's sayin for real! (She-it, I readin dis book by Trader Vic whose spoutin' Ayn Rand!) Diamond - Laissez le bon temps roulet

To: waverider who wrote (23654)	6/9/1998 1:09:00 PM
From: SJS	Read Replies (1) \| Respond to of 95453

Best to ya...we'll still be here (crying in our beer, but then we'll drink it and have a howl!!!)

To: waverider who wrote (23654)	6/9/1998 4:24:00 PM
From: seadust	Respond to of 95453

Diamond* Adios Mi Amigo *** <H>... Congrats on your decision. Seems your one of the lucky ones to have reached the seventh stage (self actualization). I envy you !!! Don't be a stranger, come back and keep us updated on your writing career. Thanks for all the help you have imparted to the thread. Don't forget the Rig Party <ggg> Regards....WK

To: waverider who wrote (23654)	6/9/1998 10:45:00 PM
From: Wayne Olive	Respond to of 95453

Rick HydroCarbon BullMan.. you're steppin' aside for awhile for the next step up the ladder of Mazlow's Needs triangle, the creative part. Congratulations, beating me to retirement.. ;-) I say don't go, as the oil service sector is getting ripe for a buy coming up as those OPEC bozo's continue cheating on each other as predicted, and I've still got that stash in cash from selling on the March 23rd announcement and "gap up" for their previous phoney production/reduction announcement. Damn, all that dough stashed aside for the rig party, and now that you're quitting, there's no one to party with.. :-( BTW, I've been riding with you on RAIN and QCOM (you still have that one I assume?), but am waiting to reenter the oil services sector soon, and it got closer today, reborn again as a RIG man.. Congratulations on your move.. Wayne Diamond wrote: <<Therefore, I shall say good-bye in the pit of our depression. I've accumulated a lot of cash in both my retirement and retail accounts and wait for the big kauna. I am still long FGII, VRC, EVI, MIND, and PDE...and shall be for the duration. Sold everything else. The only connection I shall have with the market for awhile is when I visit Rainforest Cafe for a quick, exotic brew. The symbol is RAIN (buy some, it is depressed too).<<