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

To: Big Dog who wrote (31891)	11/17/1998 11:58:00 AM
From: RGinPG	Read Replies (2) \| Respond to of 95453

I agree 100%. The key to making money in the market (I've found in the last year) is not always being right, but being able to recognize and accept when you are wrong. osxstocks.com

To: Big Dog who wrote (31891)	11/17/1998 3:53:00 PM
From: Crimson Ghost	Read Replies (1) \| Respond to of 95453

I'm wondering if the huge plunge in crude these past 2 days might be bullish in a perverse sort of way. May force OPEC to take drastic action to get POO back up and soon.

To: Big Dog who wrote (31891)	11/18/1998 2:14:00 AM
From: Paul Angell	Respond to of 95453

Big Dog, Good sound advice. There's little positive in the entire industry and that means that we can also pick up bargains. Folks don't have to buy now, they can wait for some fundamentals and start seeing some momentum before leaping in. Remember that stocks that are down 50% have a 100% upside when we return to normality. Consolidation in the industry is underway. Stick with the well known names. The good companies will adapt to the new low price paradigm, (perhaps $12-14 Brent over the next 3 yrs) and they will have huge windfalls thereafter; if oil prices are pressured upward by successful OPEC supply control and demand upswings when global economies start recovering. The odds for success in investing in this sector are very high if people are willing to stay long term. Good luck all, Paul.