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

To: SJS who wrote (26649)	7/28/1998 2:58:00 PM
From: Richard D	Read Replies (2) \| Respond to of 95453

Steve, No matter the size of your loss or the length of time you've held, if you sincerely believe there is substantial downside likely, it's time to sell (disregarding tax issues.) With regards to Amati, I bought when everyone was down on it, between 8 and 12. When it was bought out at 20, this buying during negative sentiment proved correct. The people that lost, were ones who bought when everyone was buying and things seemed perfectly rosy (in the high thirties.) When one acts like a lemming, it's possible to fall off a cliff. I'm not discounting the "trend is your friend" truism, but all bleeding eventually stops, in a fundamentally good sector. Personally, I think Amati would be doing quite well. Texas Instruments, their acquirer, went on to double since then. Westell has languished because they lost Amati's intellectual property, and had none themselves. Regards, Richard

To: SJS who wrote (26649)	7/28/1998 4:11:00 PM
From: Gottfried	Respond to of 95453

Steve/all, good news and good news... go2net.newsalert.com HOUSTON EXPLORATION INCREASES CAPITAL BUDGET TO CAPITALIZE ON LOWER DRILLING RATES Business Wire - July 28, 1998 14:33 HOUSTON--(BUSINESS WIRE)--July 28, 1998--The Houston Exploration Company (NYSE:THX) today announced that the company has increased its 1998 capital budget by up to $30 million, to bring the year's capital budget to $130 million. This increased spending is designed to capitalize on the recent retreat in drilling costs and the company's backlog of onshore and offshore drilling opportunities. [snip] go2net.newsalert.com Noble Drilling Announces Semisubmersible Purchase PR Newswire - July 28, 1998 15:52 HOUSTON, July 28 /PRNewswire/ -- Noble Drilling Corporation (NYSE: NE) announced that it has purchased the Shelf 6, a Friede & Goldman 9500 Enhanced Pacesetter design semisubmersible, built in 1986. The unit is currently located outside Wakkanai Harbor, Japan.[snip] GM