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

To: mph who wrote (24570)	6/23/1998 12:31:00 PM
From: SliderOnTheBlack	Respond to of 95453

Prudent short covering prior to OPEC meeting or actual buying support ? OPEC & Riyadh Pact members would have to be auditioning for the lead roles in ''Dumb & Dumber II'' if they do not announce/agree upon the desired production cut numbers. It looks based on volume that we are probably seeing prudent short covering. It will be interesting to see if we continue to see high volume buying support or drop back again on the post release number analysis...

To: mph who wrote (24570)	6/23/1998 12:38:00 PM
From: shust	Read Replies (2) \| Respond to of 95453

To all: Things have been pretty bad for our oil service/drilling stocks the past several months. I've noticed that people are bailing left and right with a few of us hanging in there. Remember, that people should be investing for the long term. Long term the fundamentals for this industry are still great. Don't become traders, become investors. That rig party is going to happen. It may take a couple of years, but I've got the time to wait. All the best, shust