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

To: SliderOnTheBlack who wrote (23709)	6/9/1998 3:39:00 PM
From: bw	Read Replies (2) \| Respond to of 95453

Sorry if it's been mentioned, but the question asked earlier is why oil is sliding [now in the $13's]. The IEA cut global estimates for demand this morning, mainly due to Asian situation: bloomberg.com

To: SliderOnTheBlack who wrote (23709)	6/9/1998 4:33:00 PM
From: Czechsinthemail	Respond to of 95453

Slider, I think the drop in TCMS is best explained by the impact of very negative sentiment in the sector impacting a smaller cap company. Having many head for the sidelines at the same time drops the price. Until there is evidence to the contrary, I don't think the company has cooties -- it's just that investors have treated it as if it did. Post IPO insider selling is not a reliable indicator. Once shares come out of lockup, some, particularly venture capital people, simply make the decision to take the money and run. The fundamentals for the company continue to look strong. Though weak oil prices may have a great deal of psychological impact that depresses the stock price (temporarily), they aren't likely to have an enormous impact on the company's business. Once people realize this and/or the sector begins to snap back, TCMS will move up to reflect its strong fundamentals. Baird