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

To: BOGEY who wrote (27322)	8/7/1998 2:59:00 PM
From: SliderOnTheBlack	Read Replies (3) \| Respond to of 95453

An uptick 1,000,000 Milion share block trade on FLC - yessssssss ! oooooohhhhhh so tempting to venture out of my core ''fab 5'' and pick up my former stepchild FLC... maybe cover my OMNI trade and buy some ? - NO, can't do it. YEN at 146 is bad, very bad. This makes no sense. I'm keeping my long term holds - trading a few & waiting... I'm not seeing ANYTHING positive on crude. After yelling ''it's the numbers stupid'' ! - I can't believe after I let that damn Big Dog dude <VBG> convince me that maybe, just maybe - well perhaps; it was ''oil prices after all - stupid''. Damnit Big Dog - you got me 2nd guessing my timing - you owe me a big assed Texas Steak ! because; at certain levels - It is the numbers - stupid ! There does come a time where the fundamental values and the financial numbers supercede the market emotion - and we just found those levels. It is a given that crude must move to $16-$18 for us to return to April / May rally numbers. But we were at ridiculous price levels - I thought that we would need a true market correction of more duration than an ''Acampora-minute'' to move people to rotate into undervalued sectors. But rotating they are... It just floors me; absolutely nothing - NOT A DAMN POSITIVE TIDBIT of news exists to move these stocks higher. What the hell happened ? There is no positive news on Asian demand, a couple of Oil Ax's just told us - it's ''Asian demand-stupid !'' , they also said it's meaningless what OPEC does, and now the YEN is in the danger zone where China could devalue, but yet NOW is the time for this sector to bounce ? '''F'n unbelieveable ! I'm mystified, humbled, confused - and I'm not buying it. Do all the Wall Street fund managers eat breakfast at the same Manhattan Diner - and simultaneously they decided yesterday that yes - Martha; the damn oil patch is over sold - and in unison - they poured in ?