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

To: The Ox who wrote (24961)	6/29/1998 11:27:00 PM
From: wolfdog2	Read Replies (2) \| Respond to of 95453

Michael, no question the slant on this thread is bullish. But I also think that most of the people on this board are too savvy to be shorting oil stocks carte blanche at this point. Sure, there may be a few good shorts among the group, but the overall sentiment on WS towards this group has been bearish. After a major decline, with downgrades by major houses, shorting doesn't make much sense. We may not have made the bottom in the oils, but we're damn close, in price if not in time. There are much better areas to be short than the oils at this point.

To: The Ox who wrote (24961)	6/30/1998 8:12:00 AM
From: marc chatman	Read Replies (1) \| Respond to of 95453

Michael, you have to consider that the contest has nothing to do with reality. It has fixed parameters (buy or short Friday close, sell or cover next Friday close -- how many people do this?), and only a few people even bothered to give reasons for their picks. Even some of the reasons given had little relation to a one week time frame. But the contest is just for fun. At least I assume it is. I hope none of the posters or lurkers get so caught up in the game that they base trading or investment decisions on it.