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

To: The Ox who wrote (32468)	12/4/1998 6:01:00 PM
From: gregor	Respond to of 95453

I have ascending triangles on RON,WFT,HAL,UTI,NE,NBR,TMAR,SII,DO. Descending triangles on MIND and PTEN. UNT and TBI not sure what the formation is. The OSX can only be described as a triple bottom, if it holds here.! any decisive move to the upside in the next two weeks makes me almost certain that these levels will hold. I can even envision a fourth quick test of the bottom, although not likely. I see more like a pop next week then another retest with higher lows. Whatever the moves are be sure to get a little extra R & R this weekend we might need it next week; with overly normal volatility...have a great weekend.....gregor

To: The Ox who wrote (32468)	12/4/1998 6:19:00 PM
From: Douglas V. Fant	Read Replies (2) \| Respond to of 95453

Michael, Lots of OS stocks look good here. But if they are all cheap why not buy the "best of breed", right? I agree with you on RON and WFT. I might try to pick off HAL or SLB about 4-5% lower- maybe get an intraday dip if we pull back hard on any given day before January 1st..... As to drillers a bunch look good. And be aware that they all are reducing their cost/foot of drilling hole. As to drillers note: even if rig rates fall, be aware that profit margins will not necessarily far either as far or as fast.... In fact I was on a drilling rig last week (lots of softer sandstone formations admittedly)that was averaging 1550 feet/day and hit 1850 feet/day on one day! That tends to lower drilling costs.... Sincerely, Doug F.