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

To: Douglas V. Fant who wrote (27805)	8/15/1998 12:45:00 AM
From: Broken_Clock	Respond to of 95453

To: Douglas V. Fant who wrote (27805)	8/15/1998 12:46:00 AM
From: Broken_Clock	Respond to of 95453

Doug...you're right about that, OTH gold has over 8,000 tons (some say 12,000+) sold short. When the gold shorts get rolled up, then look out. What do you here on political ramifications of $13 oil for the producers like Saudi, Venz., Indonesia, etc.???

To: Douglas V. Fant who wrote (27805)	8/16/1998 2:43:00 PM
From: Judy	Respond to of 95453

Doug, thanks for your reply. I am prepared for this eventuality and the more smashed the oil services/driller sector gets, the better I like it. I have been dollar cost averaging month into the sector via a mutual sector fund since early this year. Fine stocks like SLB, HAL, DO, RIG, NE ... etc are at gift prices now, and no one knows when the sector will turn. Until the sector shows signs of turning I'd not trade them. Should the market enter a likely corrective phase (which seems likely), the oil services/driller stocks could also prove to be good tax-loss selling candidates later this year. Just my preference not to lock in trading capital that could be dead, anywhere from 1 to 18 months. What part of the oil industry do you work in and for how long?