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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 (27010)	8/4/1998 3:23:00 PM
From: Czechsinthemail	Respond to of 95453

Thanks Marc, I'd be willing to post more if I felt I had much to add. I've been cooling my jets for awhile and placing more of my funds among some of the beaten down small techs that I think have a similar downtrodden profile but brighter prospects for early recovery. I've felt reluctant to go against a negative oil price environment and the resultant negative effect on drilling-related companies. With some possibility that oil prices may have bottomed and started a recovery, these companies are looking more interesting to me. Baird

To: marc chatman who wrote (27010)	8/4/1998 3:28:00 PM
From: SliderOnTheBlack	Read Replies (3) \| Respond to of 95453

BDI - capitulation @ 1 million shares now @ sub $4 ! - time to be nibbling. a 50% drop in 5 days ! Remember $6 on margin is a 100% gain - tempting for a big, big play - damn good dead cat bounce play if nothing else... BDI's market cap is now petty cash to some larger drillers ! Per Big Dogs newsletter stocks like RDC and now BDI (imho) have reached levels that they are asset plays... to each their own - BDI has closed 86% of the gap to ''Zero'' on its way from $28 to $4. Where does it become a value play if not here ? - we are seeing institutions bailing - could the overall market see an ''Black Wednesday'' tomorrow ?