Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: gmccon who wrote (31195)	10/27/1998 5:36:00 PM
From: Jamey	Read Replies (1) \| Respond to of 95453

You can thank CNBC for the hit to the Oils this afternoon. They did a special interview with one of their guys,(I think they said his name was Ken, at the NYSE and he did a number on the Oil Ser. sector. Said the double bottom was responsible for the 40% rise since Aug. but there was no good fundamenral reasons for anyone to be in the patch until the year 2000 because the oil was not going to break the $14-17 dollar trading range. One of you cub reporters might fill in the details if you were watching but it was quite an effort to sabotage the Oil Ser. Cos., IMO. Santiago

To: gmccon who wrote (31195)	10/27/1998 6:39:00 PM
From: Gameboy	Read Replies (4) \| Respond to of 95453

gmccon, thank Ditchdigger for pulling the plug on TMAR. It would serve him right if TMAR blows away the First Call estimate of .18 and the Zack's estimate of .26 tomorrow morning and moves back above 9 before he can buy back in - of course, Ditchdigger isn't greedy, so he wouldn't care. (It was a smooth move, Ditchdigger, lady luck was on your side; my strategy is more to buy and hold through pain or gain - the longer term plan). MRL earnings surprised me. In fact, a lot of the companies in this sector are making a lot more money than I had imagined. From the way these stocks are priced and to hear TV commentator's talk about them, you'd think they were all about ready to go out of business. To paraphrase Mark Twain, the accounts of the oil service sector's demise have been greatly exaggerated. Best of luck, Steve