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

To: Big Dog who wrote (25462)	7/10/1998 11:38:00 AM
From: pz	Read Replies (1) \| Respond to of 95453

Big, <<<seeing a bottom>>> You must be lounging out by the pool...ggg. Paul

To: Big Dog who wrote (25462)	7/10/1998 11:45:00 AM
From: marc chatman	Read Replies (1) \| Respond to of 95453

Fundamentally, you could be right on EVI, FGII and VRC (I hope so since I own all three). But technically they have been breaking down. At least VRC and FGII are nearing support levels. But VRC looks terrible today. And EVI has broken through support. It has some "ancient" support at around 31, but I'm not sure that means much. I thought the shorts might cover into the weekend, but it is the longs who are heading for the hills. My guess is some of the buyers the past few weeks who thought they could guess the bottom are bailing while they still have a chance. I'm sure we are seeing the result of margin calls as well. Big Dog, how likely is it that we will start to see cancellations on equipment orders? I know substantial deposits could be forfeited, but if drillers can be forced to renegotiate their contract rates, perhaps equipment manufacturers can be forced to return deposits, or at least push back delivery.

To: Big Dog who wrote (25462)	7/10/1998 12:09:00 PM
From: Bazmataz	Read Replies (1) \| Respond to of 95453

BTW, if I hear Bob Pisssssani say "Death by a thousand cuts" one more time on CNBC, I'll lose it. His little reports from the NYSE are the definition of death by a thousand cuts. Thanks for listening.... hehe Baz