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Gold/Mining/Energy : Global Santa Fe (GSF) (formerly Global Marine) -- Ignore unavailable to you. Want to Upgrade?

To: Elmer Flugum who wrote (820)	7/23/1998 11:03:00 PM
From: IN_GOD_I_TRUST	Read Replies (1) \| Respond to of 2282

I don't know...but I hope we see it soon before this drops any lower. I really thought I got this thing at a bargain at 18 15/16. How wrong I was.... Steve

To: Elmer Flugum who wrote (820)	7/24/1998 9:51:00 AM
From: Sterling	Read Replies (1) \| Respond to of 2282

Next support level. I wish I knew. We've broken down through a big head and shoulders formation going back to November 1996. So at this point it's a guessing game, and I don't see anything at all but a downtrend. If we start to see big rises in volume along with more downside sales, it might be the sign of a final, selling climax. Then the damage repair period will start, although it might take some time. However, if the rumors going around that oil will be back into the $16.00 range by December, I think the repair to share prices will be finished pretty quickly. Drillers probably need $16 - $21 oil optimally. Without that we should only expect sideways prices unless there is talk about mergers or buyouts of companies.