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

To: diana g who wrote (31530)	11/5/1998 8:43:00 PM
From: Big Dog	Read Replies (5) \| Respond to of 95453

lady di -- While the price of oil may or may not be co-related to stock prices (i say it IS over the longer term) -- there is absolutely no doubt that the underlying companies can not and will not make "a lot" of money with low oil prices. Therefore, it is just a matter of "time" before the stocks react (go down) as long as oil prices stay tanked. These stocks are going nowhere fast as long as oil prices are low. Trade 'em. So sayeth the Dog. ps. I will get a newsletter out this weekend. His CountryDoggedness has been in the cess pool of humanity for the last few days, wheelin' and dealin'. Talk about about a fish out of water....one moment I'm drivin' my pickup truck in the beatiful Texas Hill Country and before you can say Remember the Alamo I am walking down Madison Ave. (on my way to have a pleasant dinner with my pal Mavis :) ...sorry Teddy. Just a couple of hours ago I was actually IN Harlem. Can you picture His Honor in Harlem??? But never fear, I'm back in the warm womb of mother Texas now...safe, fat and happy. big loosbrock.com

To: diana g who wrote (31530)	11/5/1998 9:55:00 PM
From: Jamey	Read Replies (2) \| Respond to of 95453

Diana, Does the familiar motto "its the oil price, stupid", ring a bell to you? Well apparently, according to the way the oil stocks are behaving, it is not the oil price stupid but rather fundamentals and future earnings outlook that are moving our oil sector. (VBG) On another point, I liked the way that most of the sector came back at the finish. This gives the appearance of a bull market rather than a bear. Two sleepers that IMO will make the highest percentage of upward movement will be by GLM, (2+ billion market cap, and PKD, pushing 1 billion.)52 week highs of $35 and $17 that we can easily see doubles and triples on. I am especially high on GLM because it had the best double bottom and is the largest offshore driller of the bunch. (They also met 3rd qtr. earnings estimates) Thanks for posting the statistics. Regards, Santiago