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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 (26444)	7/24/1998 11:22:00 PM
From: Jamey	Read Replies (1) \| Respond to of 95453

Marc, just an observation. All the major sectors sold off today and everyone is wondering just where all that loose cash is going next week. Wouldn't it be a hoot if it went into some of the deserving drillers that are so undervalued? Santiago

To: marc chatman who wrote (26444)	7/24/1998 11:49:00 PM
From: SliderOnTheBlack	Read Replies (1) \| Respond to of 95453

marc; I do not have a firm opinion here on this; initially I would think we might sell off in tandem if we were at April or May price levels, but where we are at now... ? I think all the blood may be drained out of the patch soon...and if we see a market correction of a substantial nature; I think we would sell off a bit from here, but would quickly benefit from sector rotation into undervalued areas. Expand on your thoughts here as time allows... also, Richard had a great point --- ''The implication is that they want to buy because they recognize value, but don't want to be bloodied by irrational selling. I think that's where we stand. '' .............keyword being ''irrational'' selling; I gave these guys more credit than they deserved...