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

To: Douglas V. Fant who wrote (32654)	12/9/1998 2:27:00 PM
From: Platter	Read Replies (1) \| Respond to of 95453

Oil producing countries CANNOT survive on $11.25 oil price.....and do whatever it takes to get oil prices back up to at least $14.00...At least that was the idea behind some of the comments from Iran, Saudia Arabia etc....could not copy the article sunce it was on my Track on Line service and not the Internet.....will check for it on Yhoo International business section.

To: Douglas V. Fant who wrote (32654)	12/9/1998 10:50:00 PM
From: SliderOnTheBlack	Read Replies (3) \| Respond to of 95453

Douglas V Fant; I agree that the sentiment, coupled with tax loss sales... ...has presented opportunity to those who want to own the oilpatch. I now think that we are more ''under-bought'' than ''over-sold.'' Quite simply we are seeing an ''anomaly'' UNDER-BOUGHT (not over sold) situation due to the incredible pressure on Fund Managers ( and hedge fund mangers) to HAVE to show competitive gains on a month to month & quarter to quarter basis. There are virtually no major funds, nor fund managers who are saying - ''bear with me; we may lose 20-25% over the next 6 months by buying the Oilpatch; however I believe one must buy here, as we've seen 2 major runs of over 30-50-75% in these stocks, out of the blue, off of no fundamental change, or news events. One has to seize the opportunity when it presents itself ''pricewise'' here; irregardless of the fundamentals of crude oil - as cheap oilpatch stocks and positive crude oil fundamentals do not & can not exist simultaneously.... I believe, that the realistic opportunity to achieve many ''doubles'' and some ''triples'' exists in this sector at these prices for the savy, patient investor over the next 12-36 months...'' Now how many mutual funds buyers/investors would buy anything where the manager warned of possible 25% short term downside ? - how many investors are willing to ride out a 15-25% volatile move downward ? Hence the problem; we are artificially ''under-bought'' here; as the fundies can not jump in untill the Mo-Mo move starts. Investors will not allow them to be in dead money, or to ride a sector down 10-15-20%. This is a distinct advantage for the individual investor to seize here in the face of tax loss selling, negative sentiment etc. The quick, almost ''blitz-krieg'' like moves that the street makes here is a prime indicator that they are poised to buy the patch on ANY movement, news or event. They very badly do not want to miss the move. The 2 moves we had off of the prior bottoms ( +30-50-75% all most overnight...) did not go unrecognized, by either those who participated, or those who missed it. The key here will be to catch the ''Big Kahuna'' (listening Papaya King ? VBG) - the ''wave'' that doesn't end... the big ride; the move that becomes the ''one''... that finally sticks. Can't ride the ''Big One'' unless you're willing to get a little ''wet'' !