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

To: Broken_Clock who wrote (25834)	7/15/1998 10:43:00 PM
From: SJS	Respond to of 95453

Just replace the word "semiconductor or chip industry" with "oil drilling" in this snipit of today's action from CBS Marketwatch... Sound familiar? _________________________________________ "There are no true underlying fundamentals that are responsible for today's semiconductor rally," said Arnie Owen, managing director of equities at Cruttenden Roth. "This is a reflexive type of move since a lot of people want to bottom-fish in the group. "The chip industry has been so commoditized and so overrun with a supply glut that I don't know, at this juncture, if the problem is over," he said. Outside of the computer-related arena, few market segments could muster meaningful moves. The energy sector was one, responding to the third consecutive rise in crude oil prices.