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

To: marc chatman who wrote (32036)	11/23/1998 11:03:00 AM
From: gmccon	Respond to of 95453

Iraqi Dep Foreign Minister talking live on CNN. He's saying that Butler doesn't have the right to request documents from their archives because they made those documents available to UNSCOM before. IMO, they're clearly digging in.

To: marc chatman who wrote (32036)	11/23/1998 11:09:00 AM
From: Richard D	Respond to of 95453

Marc, These Venezuelan rumors of dropping out of the quota system have occurred before and were ultimately proved wrong (or made wrong by behind the scenes arm twisting.) I am skeptical that the Venezuelans see logic in producing 30-50% more oil, only to push oil prices down by 30-50% coincidentally. There is no economic incentive to do this, political crisis or not down there. I predict that they will endorse production limits once again in the near future (perhaps at the meeting.) A lot of this is posturing for hidden agendas I suspect and may be put forth to lower expectations going into the meeting. Richard PS Anyone else like that hamster commercial? Fire away!

To: marc chatman who wrote (32036)	11/23/1998 4:15:00 PM
From: RGinPG	Read Replies (3) \| Respond to of 95453

I think you were wrong about the buy-out thing with AOL. Usually when the market is in a tech feeding frenzy, the oil service stocks get forgotten. But I think you are right about support. I will be the first to admit my buy signals are wrong if we get the OSX down near 51. The weekly stochastics are dangerously close to a sell signal osxstocks.com and I'll not get caught in a downdraft again. Of course this may mean I'll have to sell out locking in a 10% loss, but I also may be avoiding another 30% to 40% hit. All this with the full knowledge that I may have to buy back in at higher prices after a triple bottom (OSX of 47).