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

To: Amelia Carhartt who wrote (27825)	8/15/1998 11:19:00 PM
From: Fredman	Read Replies (3) \| Respond to of 95453

I for one don't really know what to expect for a bottom price on the Oils, but i AM surprised MRL's move to the NYSE didn't move the price UP at all. I didn't expect it to go up MUCH - maybe 1/4 pt, but i sure didn't expect it to go down. I was reading on Investorlinks.com an analyst that said most drillers are used to working on 90-120 day contracts, but they better get used to working with 30-60 day contracts. same person said they didn't expect Oils to correct until October.......... So i ask myself what is the likelyhood of MRL going down to 9 versus up to 15 ?? it's a shade under 12, so i think i might buy SOME now, maybe 500 shares, and just see what happens the next 2-3 weeks........ and buy a few hundred here and there..... I don't think anybody here can pick the bottom price, but i DO think we are closer to the bottom than we are to the top. FWIW. (i sure wish we all had 'real time quotes of insider trading' on MRL.....)