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

To: P.Prazeres who wrote (26613)	7/27/1998 10:39:00 PM
From: waverider	Respond to of 95453

Yeah, I noticed that about RIG which is one reason I think FGII will bellyflop too. On top of it's high PE relative to other OS stocks, it may be ripe for more dumping. If one is to predict, predict often...speaking of which... Again, the market technicals AND fundamentals look lousy. Our sector was a foreshadowing of things to come. <H>

To: P.Prazeres who wrote (26613)	7/28/1998 5:22:00 PM
From: Peter V	Read Replies (2) \| Respond to of 95453

To all: What do you think about RIG? The old adage: "the best time to buy is when nobody wants the stock" might apply here. It seems to be at support levels established in January (37-39), earnings were good, future looks bright (good fundamentals), oil prices near a low point (probably won't get much lower), and market doesn't seem to want the oil sector right now, despite 15 analysts recommending RIG as a strong buy. Could this be the right time for the astute contrarian? Or will the asian situation make the oil sector even worse over the coming year? Or will the market finally crack sending the Dow to 2000 and taking the sector with it? Any thoughts would be appreciated. thanks