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

To: marc chatman who wrote (26201)	7/22/1998 12:09:00 PM
From: tdl4138	Respond to of 95453

Well...If it's just you and I that starts looking ...we're in trouble. I'm hoping a couple of the boys that trade this goop start thinking about it. Being I live in S.Fla., my idea of a cold winter day is to turn off the a/c and open the windows <g>... ( If it gets REALLY COLD...we close the window..) Afraid that doesn't help much, huh...

To: marc chatman who wrote (26201)	7/22/1998 12:16:00 PM
From: tdl4138	Respond to of 95453

Marc, Actually I think we put in a "bottom" on Monday. and another one on Tuesday and another one on Wednesday and another one...

To: marc chatman who wrote (26201)	7/22/1998 12:49:00 PM
From: marc chatman	Read Replies (5) \| Respond to of 95453

Re: Fidelity Select and other Funds I'm thinking that the Fidelity oil service sector fund, and other energy funds, have probably seen massive redemptions (just a guess, mind you). They probably have prioritized which stocks to dump first, which may be why it has taken awhile for SLB and RON to take the huge hits. Moreover, if Fido has had to burn its cash and liquidate holdings to cash out investors, then it may not have much free cash remaining to pump into the sector, even at bargain levels. This would seem to mean little or no buying until investor sentiment turns, and cash starts flowing back into the fund -- sort of a catch 22.