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

To: SliderOnTheBlack who wrote (31216)	10/28/1998 9:57:00 AM
From: Redman	Read Replies (3) \| Respond to of 95453

Slider or Big D, I currently own quite alot of mavk, fgii and gifi. I am getting very concerned about gifi--as their backlog work orders are fading and I do not see them picking back up until oil rises again. My question: I am very comfortable with fgii, and since gifi is in the same business I thought I would take a loss on it (as I luckily have some substantial gains in tech stocks) and flip it into an offshore driller in the same price range. I am looking at rdc or flc as the drillers to go into. What are your thoughts on this move, or is their a better sector within the OS to be ? I really want to keep the money in this sector as I truly believe January will bring with it equilibrium in supply/demand and good news over seas as to economic recovery. Any thoughts are very much appreciated. red

To: SliderOnTheBlack who wrote (31216)	10/29/1998 10:35:00 AM
From: RGinPG	Read Replies (5) \| Respond to of 95453

I sold short yesterday for the first time since I've been involved in the sector for a year. So expect the sector to rally mightily today! I expect yesterday was the beginning of the next down-cycle. I sold short on CKH (the only one up yesterday) and VTS (because of it's great performance during the up-cycle osxstocks.com I wanted to sell short on VRC but I'm to cheap to chase it down. Today I'm looking at TDW, PDE, FLC (and maybe VRC if it pops up again) for possible shorts. Good luck to all! osxstocks.com