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

To: Richard D who wrote (26430)	7/24/1998 4:31:00 PM
From: Captain James T. Kirk	Read Replies (1) \| Respond to of 95453

Richard, I don't see oil down very much at all today. However, the sector continues to slide indicating that the shorts are very strong and the sector is very bearish. Also, with oil price not declining, is there any reason for OPEC to step in ? After all, stock prices should not effect OPEC's bottom line. This is very odd, since this pattern has occurred this week, and the only explaination could be that some missed their numbers, but then others have not. With this point in mind, those that have not missed their numbers where in an operational Q that saw similar oil prices to that of todays close and they still moved ahead. In turn, there future Qs should not be effected as long as oil holds around these levels, combined with the revisions that are already in place. So, for the entire sector to sell off, instead of those few Cos that missed their numbers, and the price of oil being steady, it all really makes no sense at all, and it surely must be a shakeout play of gigantic proportions.