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

To: Starlight who wrote (26395)	7/24/1998 11:27:00 AM
From: Intel Trader	Read Replies (4) \| Respond to of 95453

So what does that mean to you Elizabeth? A turn around soon in the oil biz? There is no life here. Good earnings are met with heavy selling. Even an analyst making a recommendation of a buy can't get the slightest uptick in DO; on the contrary, as soon as it gets out of her mouth, it tanks 3/8 over the next 10 minutes. What does that tell you? People are so sick and tired of things going south, they will use the first uptick to get out -- that is what it tells me. The market needs a shock. Read one of my posts from late yesterday. We need to see blood carnage and capitulation in this industry before anybody is ready to get back in. Look for SLB today or next week at 50-55 to mark a base. If there is steady erosion, all bets continue to be off. humbly, it We are in a bear oil market.