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

To: taLuis who wrote (27536)	8/11/1998 4:41:00 PM
From: Flan	Read Replies (2) \| Respond to of 95453

Bear market in oil service my ass - this is a full fledge crash in a little over three months every single stock is down 60 -80% ..... Seeing FGII selloff like it did is amazing - someone just said unwind my enire positon - Today!!! there is no trimming it is just sell!! sell!! sell!!! and unfortunately there is no one saying buy buy buy - except the three people who took the plunge this afternoon... Good luck to you.. You have to wonder what CDG management saw in selling at $25 vs $80 last year....they either like the combination alot or they see the oil service market returning to the glory days of the mid 80s...my guess is the later....It is amazing to go back and read some of the posts from last year - Bullish bullish bullish and now it is as close to despair as i can see. Only long three position which have been rocked but last year I was holding 8 and 9 names and forced myself to sell some when things started to break down. I think everyone on this thread as myself got caught in the trap of overweighting. never again!!! Looks like I might be long some of these positions for a long time.....