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

To: SJS who wrote (27004)	8/4/1998 2:24:00 PM
From: Richard D	Read Replies (1) \| Respond to of 95453

This Bull Market road is littered with those who have called a market top. Ralph has been a strong bull but he does waver with the wind. Does anyone know what Joe Battataglia (spelling?), of Gruntal, says? He has been the most consistent and strongest Bull. If he changes, I'm out. Personally, I think short interest is too high, sentiment too negative, and interest rates too low for a 20% pullback. Has mutual fund inflow money dried up yet? Richard PS What's the definition of a Bear market these days, down 15%?

To: SJS who wrote (27004)	8/4/1998 2:31:00 PM
From: SliderOnTheBlack	Read Replies (1) \| Respond to of 95453

Enough blood in the streets ? - No. If you're referring to the overall market - not even close. I'd say 7850 down to 7500 if we see it, would be a good level to start. My speciality is Bank stocks, I'd be buying there and these are on the watch list at 17-20% lower from here; RMBS, QWST, LVLT,PMCS,TXCC, and MSFT, WCOM, CSCO, AOL @ 20-25% down from here -- I'll only be swayed to the overall market at these levels...INTC @ 72-74 & maybe AMAT in the sub-basement. You shorts over @ the Invest LTD board ought to be salivating ! Here in the patch; RDC, EVI and more DRQ on dips now, the MARGIN monster is still ''on-leash'' and will not be released in the patch full throttle untill $16 oil stabilizes, good OPEC cut #'s and then I'll be buying on margin accross the board to stocks like RIG, FLC, DO, CDG, MDCO, DRQ, VRC, FGII, RON more HLX & OMNI then land dogs like PTEN, UTI - more BDI, and for some 3-5-10 year long term plays in CLB, SCSWF & CXIPY - I really like these 3 way down the road... that's pretty much my 'patch list. - oh yeah; TCMS may get another chance & a couple of micro caps. I'm buying more small-mid cap E&P companies than driller/service stocks presently. - I like swinging for the fences ! SGO, POG, FEN (big dip today ! nice-buy), CWEI, BSNX, EVER, THX, VPI, MEXP and a couple of larger caps in APC & NBL - I really like the natural gas plays here; many selling @ 1 1/2 x cash flow like CWEI and others at 2-3 x cash flow where the historic measure is 5-9 times cash flow and some high potential Exploration projects with stocks like FEN & pure asset plays like SGO - whom Hall of Fame Oil Analyst Fadel Gheit calls the ''cheapest stock bar none.''

To: SJS who wrote (27004)	8/4/1998 3:01:00 PM
From: Czechsinthemail	Read Replies (2) \| Respond to of 95453

I thought I'd drop back in to say hi and see how people are surviving. I've been away for awhile and simply couldn't stay up with the volume of posts on this thread. Though things seem to have been pretty grim in this sector, I think we may be getting glimmers of divergence between oil prices and stock prices that make buying look more attractive than it has for some time. The problem is being in a negative sentiment sector during a negative sentiment time in the market. Despite oil-related stocks being heavily oversold, they remain candidates for unloading as investors panic and want to exit. That is compounded as more investors face margin calls and have to sell what they would prefer to hold. But if we are having a divergence where oil prices are relatively strong compared to the performance of oil service and drilling companies, we may be close to the point where we see renewed buying in anticipation of stronger business going forward. That being said, so far the announcement of Ralph Acampora's bear call has marked the low for today's trading. My experiences in this sector have been very humbling, so my condolences and best wishes go out to all the long-suffering investors on this thread. Good luck, Baird