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

To: Thomas M. who wrote (23821)	6/11/1998 1:05:00 PM
From: A. Fineigler	Read Replies (1) \| Respond to of 95453

GLM will bounce up to 24-25 pretty fast, if history is any guide.

To: Thomas M. who wrote (23821)	6/11/1998 1:13:00 PM
From: Czechsinthemail	Read Replies (1) \| Respond to of 95453

Tom, I think the fastest snapbacks will be in the companies that are less sensitive to the effects of low oil prices (except on their stock price). These would include deep drillers, some of the service companies and perhaps especially builders. I've been buying more TCMS on the blue light special today. It has had very little volume on its selloff and given the small capitalization should come back big on any recovery. Baird

To: Thomas M. who wrote (23821)	6/11/1998 1:23:00 PM
From: Bazmataz	Read Replies (2) \| Respond to of 95453

Noble Drilling Announces Semisubmersible Purchase HOUSTON, June 11 /PRNewswire/ -- Noble Drilling Corporation (NYSE: NE - news) announced today that it formed a limited liability company that has purchased the Ilion, a Friede & Goldman 9500 Enhanced Pacesetter design semisubmersible. Noble has an initial 50 percent equity interest in the limited liability company. In addition, Noble has a convertible promissory note interest pursuant to which Noble can ultimately increase its equity interest to 70 percent. The semisubmersible is currently located in Pascagoula, Mississippi. The Ilion is the same design as the Noble Homer Ferrington. The Noble Homer Ferrington is currently in a shipyard undergoing refurbishment and upgrade for work in deeper water depths. Plans call for the Ilion to be similarly upgraded for deepwater work when the company receives a long-term contract with an operator. Noble Drilling Corporation is a major drilling contractor with offshore operations in the United States, Canada, Mexico, the North Sea, Africa, the Middle East, South America and India. The Company's Common Stock is traded on the New York Stock Exchange under the symbol ''NE'' See the reference to FGII??? Watching Big Dog? By the way, who out there is buying NE? Seems to be bouncing off its lows. Short covering? HeHe

To: Thomas M. who wrote (23821)	6/11/1998 1:56:00 PM
From: RGinPG	Read Replies (2) \| Respond to of 95453

You call this short term? We're at 52 week lows here. This is nothing less than a rout and panic selling. At times like this I like to remember what Robert Duvall said in Apocolypse Now ,"Someday this war is going to end". Excuse me while I try to figure out how to meet my third margin call in 2 weeks.

To: Thomas M. who wrote (23821)	6/11/1998 8:27:00 PM
From: rocklobster	Read Replies (3) \| Respond to of 95453

GLBL looks good for a snap back. It had a 20% pop last week from its low when it first touched 18's. I would have bought it there but was stuck in some longs that I'm finally out of today. FGII looks like it will snap back hard when the next round of sector rotation. hits. Remember 1 month ago when I was shorting GLBL 3 days from the top and everyone having new high euphoria? Had I not been in margin trouble I would have held that short for a profit. Of course hindsights always 20/20 Shorting in a downtrend is always the safest strategy. Any oil service stock that shows a strong rally is a fairly safe short until we turn. Considering that the dow was at 7500 last time we hit 88 on the OSX , This downtrend is actually worse than the last one. No relief rallys along the way either, or at least extremely short lived ones unlike Nov. Dec. GLBL is still in an uptrend and totally confounds me as it seems to be refusing to acknowledge the general sector weakness. Barely 20% off its all time high made 2 days after I shorted it <<< VBG>>>> Live and learn Later, Richard