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

To: Lucretius who wrote (31335)	11/1/1998 1:57:00 PM
From: VLAD	Read Replies (1) \| Respond to of 95453

Why would someone who picked bottom just hold? Anyone who bought into the sector and has gains should sell if they really believe that their position is going to hit a new low. However, the charts appear to indicate a solid double bottom and it appears to me that many of the drillers have broken through important resistance levels which acted as support last week. I will not debate the funnymentals with you but I think that you would have to admit that compared to the recent moves in the internet garbage stocks and the semiconductor stocks (especially junk like MU) the drillers do not look "over valued" by any means. I myself see another 20 to 30% short term move to the upside before any significant drops. There are many many better sectors to sell/short in the market IMO. November's OPEC meeting along with more trouble in Iraq can IMO fuel a sharp rally to the upside. We shall see.

To: Lucretius who wrote (31335)	11/1/1998 2:04:00 PM
From: SliderOnTheBlack	Read Replies (2) \| Respond to of 95453

More than one ''L.T.'' having ''reality'' problems... <<''My work as well as input from my industry sources suggest we will see a bottom within a couple months... .... I think the drillers will likely see at least 50% to 80% losses from here till the ultimate bottom.''>> ******************************************************************************** ...after seeing a great former outside linebacker with the initials "L.T.'' apparently once again having problems dealing with ''reality'' - (incoherent babbling etc. ) maybe it's an ''initial'' thing ? ...best of luck to both L.T.'s...hopefully, both of you return to Earth sometime soon. PS; Do your ''sources'' have names lke Zandar or Xocar; speak to you through your dog and hail from different star systems ? May the Force be with You ...<VBG>.