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

To: Lucretius who wrote (25022)	6/30/1998 9:52:00 PM
From: mph	Read Replies (2) \| Respond to of 95453

Luc, I have a sneaking suspicion that(a) NE won't drop to the teens within the next month or so, and (b) that the drillers would make you some bucks before your gold investments do. Call me crazy!!<g> mph

To: Lucretius who wrote (25022)	7/1/1998 12:47:00 AM
From: Tulvio Durand	Read Replies (1) \| Respond to of 95453

..I'm opting for Japan to stabilize and begin a new bull. hence I own stocks there. Are you in Webs Japan, EWJ? Tulvio

To: Lucretius who wrote (25022)	7/1/1998 2:17:00 AM
From: SliderOnTheBlack	Read Replies (2) \| Respond to of 95453

Buying Japan and not this sector yet ? Most would certainly say it will be much easier for the oil sector to simply retrace to very recent levels that will yield incredible profits; simply on the rebound of crude to basic historic price levels, than it will be for Japan or Asia to yield the same level of return. We have OPEC & Ridayh production cuts and ''if'' Asia recovers the major crude price driver - Asian demand; will trigger an immediate move up in crude prices, which will simultaneously trigger an allmost immediate move up in the oil sector. In any scenario it would appear to me that the oil sector will be quicker to move, has less distance to retrace to, and will also bounce quicker and bigger than Asia itself, off any positives in Asia... ? So why would you be long Asia, ''now'' and be waiting to enter the oil sector ''later''...? Asia certainly has more complex issues, has longer to go and will itself paradoxically trigger upward moves in crude prices with its own recovery. Lucretius; in reviewing your comments I conclude you are a ''latent'' oilpatch bull ! <VBG> ...NE looks pretty good to me right now...