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

To: Robert G. Harrell who wrote (27239)	8/6/1998 4:40:00 PM
From: VLAD	Read Replies (1) \| Respond to of 95453

Rob, This guy was bearish on oil prices because of the drop in Asian demand. The bottom line IMO will be based on what exactly OPEC is able to execute in terms of decreased production.

To: Robert G. Harrell who wrote (27239)	8/6/1998 6:29:00 PM
From: Richard D	Read Replies (3) \| Respond to of 95453

These guys (talking heads on CNBC) tout oil at its highs last year and now are bearish when it's at long term lows. Try to make money listening to such advice. It is impossible. People like Diamond who early on took 10% losses and got out were smart. They were in a different part of the standard deviation. Much time and price has changed since then. The downside risk has been 90% cut away. The volatility is so high that the stocks move 10% in 2 days, often. If you jump into a high volatility stock, you have to widen your tolerance for downside beyond 10%, or you shouldn't enter the stock at this point. Richard