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

To: Amelia Carhartt who wrote (24467)	6/21/1998
From: NucTrader	Read Replies (1) \| Respond to of 95453

Bad News To: Timelord (740 ) From: Thean Y. Yeoh Saturday, Jun 20 1998 11:11PM ET Reply # of 746 Japan offered no new commitment! Yen and Asia markets seen to resume tanking again next week. This should keep the pressure on DRAM prices and the overall market here in the US.

To: Amelia Carhartt who wrote (24467)	6/21/1998 7:36:00 AM
From: sand wedge	Respond to of 95453

I don't think your full of horse feathers. This is one of the sectors you want to have money in for the long haul. Let's see if I have this right: an ever expanding consumer base for an ever shrinking underlying commodity. Seems like a very simple equation to me. Now I'm not a TA expert , nor am I an oil dude, but I seem to vaguely remember a few concepts from college, one being.... increasing demand coupled with decreasing supply is a good thing. In 5 years, we're gonna look back on this as one of the best buying opportunities ever presented to investors. Isn't it interesting that the strong companies in this sector aren't sitting back, content to ride out this storm but rather are using this short term dip to go bargain hunting for companies and services which will help them compete in the long run? Just my opinion. be well

To: Amelia Carhartt who wrote (24467)	6/21/1998 6:49:00 PM
From: Gator II	Read Replies (1) \| Respond to of 95453

MSB, here's another "Good News, Bad News" scenario, in a way! The following is a repost from the PKD Board on YAHOO. This fellow has been quite accurate with his recent analysis (going back several months) and seems to have quite a following on YAHOO. The "good news" is he is predicting that the worst is over for the energy segment but the "bad news" is he obviously believes the overall market is about to tank. Apparently, he is taking a leave of absence from posting to message posts and this is his farewell post. >>DOW 6000 By Year End: by KhalidRKhan/Jun 21 1998 ___All sectors of the market will fall like dominoes: ...i) Energy sector first to go, drillers and crude oil price both down interestingly 35% YTD, least downside risk left of all sectors. ...ii) Semiconductors sector, next casualty, other techs soon to follow. ...iii) Banks/Financials will fall, true impact of bad Asian loans/japanese impending bank failures soon to be felt by the market. ...iv) Retailers will fall... ...v) Auto Makers will fall, low demand from Asia/Japan, Cheap imports real threat. ...vi) Drugs. "Drugs? You say, everyone needs drugs." Yeah, everyone needs oil too. ...vii) Transports. Asia already impacting FDX, NWAC, UAL and others. UNP down in the dumps as well. Any Dow Theorist will tell you that Transports always lead the market decline. II.____Reason why Energy sector was first to fall and has least downside: ...i) Unlike other sectors, Energy sector has a bench mark (price of crude oil) that it can use to correct market expectations, this eliminates downside surprises. Stock prices fall with the crude oil prices, hence the enemy is in the open. Other sectors, like the semis, transports, etc., there is no way of knowing about the order cancellations, etc. till the earnings time. July is when all the sectors will start their downtrend as earnings are released. III.___This was my last post at PKD and other boards. I've made my point and there is really very little left to say. When people comment that PKD is the best board at Yahoo, they are not kidding. My frequent criticisms have drawn very little fire, this just shows how mature PKDers are. Good luck to you all and may God bless you.<< ÿ