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


To: Redman who wrote (31217)10/28/1998 10:11:00 AM
From: Platter  Read Replies (1) | Respond to of 95453
 
Oilfield Drilling/Services: Group expected to retreat at the open after the American Petroleum Institute reported a 2.4% increase in U.S. crude inventories. Analysts were expecting a rise of less than 1.5%. Group has risen sharply over past several sessions amid concerns that Hurricane Mitch would inhibit drilling activity in the Gulf of Mexico.
From Briefing.com



To: Redman who wrote (31217)10/28/1998 10:48:00 AM
From: Big Dog  Read Replies (3) | Respond to of 95453
 
Redman -- (are you kin to our beloved Greenman?) -- Don't worry about what price range the stock is in. That doesn't matter. So you buy fewer shares. It won't make a difference.

If I were to switch money to a driller, I would buy RIG or DO. I also am starting to like PKD (Parker).

But you may want to wait for a bigger dip to buy.

See my newsletter ODB News Note to be issued in a few minutes.

(For those that aren't subscribers, I'll wait 30 minutes before I send out the News Note to give you a chance to subscribe. Follow the link below to subscribe for free.)

big
loosbrock.com



To: Redman who wrote (31217)10/28/1998 11:51:00 AM
From: SliderOnTheBlack  Read Replies (1) | Respond to of 95453
 
Redman; no reason to sell anything at these prices if holding longterm.

The ''only'' reason to even remotely consider selling here is if you are an active ''trader.'' - & I wouldn't recommend that to anyone .<VBG>.

If you own GFI, MAVK, or FGII anywhere near these current price levels - I would sit back and enjoy... I can see FGII conservatively at $24 even in a relatively moderate Crude enviroment by this spring...just ''my'' opinion. For most people; I wouldn't be selling here, but I would buy a little at $15ish and then again @ $12 ish and then again @ $10ish if we ever see those levels again.

"Trading'' and investing are horses of a different color... I swear my New Years Resolution will be to only make 1-2- buy entries a year into the market blowoffs; having a "Watch List'' of Stocks and "Target Prices"... trying to have the patience of Buffet....sitting and waiting like a Cat for a mouse...

One has to make his own calls here; we are still historically very cheap - look at the buying support with crude in a soft enviroment...