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

To: Mark Glembocki who wrote (32423)	12/4/1998 2:34:00 AM
From: Snowshoe	Read Replies (1) \| Respond to of 95453

Saudis seek $5 bln loan after oil price crash -FT How the mighty have fallen... biz.yahoo.com

To: Mark Glembocki who wrote (32423)	12/4/1998 11:34:00 AM
From: Douglas V. Fant	Read Replies (1) \| Respond to of 95453

Mark, Anytime! But here is a truism by which anybody should trade: buy the quality companies while they are "on sale"- and hold them. You will make money. So watch SLB- set a wish list price. Here I see potentially about a 200-300 point drop left in this correction- that's about 4-5%. So rationally set a GTC order on SLB around $38/share and you might "get lucky." And we should get a strong market after about January 15th or so. Myself I have a price set on WFT waiting for it to drop a little more...But SLB is every bit as good as WFT as a Company (if not better!). As for Internet stocks, well come join us over on some of the Internet Threads. My two Internet stocks rebounded this morning- I sold one and will keep the other (CMGI) as a long-term hold. Check out CMGI if you want one Internet stock that represents a cross section of Internet companies since CMGI has taken about 25 Internet companies public so far, and has about seven good IPO's schedled for 1999. Also instead of cash dividends, CMGI spins off part of the Internet companies' stock that it holds whic is kind of neat and different...If you held onto this year's LCOS stock dividend, then you would have recieved a 13% dividend on CMGI stock.... And by the way, the Internet will have (is having!) a big impact upon energy companies too... Sincerely, Doug F.