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

To: SliderOnTheBlack who wrote (27012)	8/4/1998 3:38:00 PM
From: Broken_Clock	Respond to of 95453

slider... institutional money will always flow to the leaders first. we've seen that on every rally in the osx. SLB, HAL, RIG, NOI, RON, VRC. some one stated that $ could/would be leaving the osx first in a weak market since it is already perceived to be weak. I think we are seeing that now. if the deflationary saga continues worldwide then it may be longer than anyone thinks for oil to recover.

To: SliderOnTheBlack who wrote (27012)	8/4/1998 3:58:00 PM
From: Flan	Respond to of 95453

Well - I just did what I said I would not do and stepped up and bought BDI - have not bought anything in the oil service sector since last fall - Don't see a quick rebound but at $4 down 60% in the last three trading days and 86% for the year - Huge volume at close to 2 million shares out of a 12 million float. I could see a KEG making a move now that they can buy the assets at below tangible book. Lord help me.... Big Dog - what do you think the tangible book value of this company is???? Thoughts on it at $4??