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

To: Crimson Ghost who wrote (33284)	12/21/1998 4:12:00 PM
From: MARK BARGER	Respond to of 95453

I thought I stole FLC at 8 on Fri. Man, it closed at 7 5/8. All my purhases last week are under water. Who would have thought I should have shorted them instead for the short term. War, impeachment, and the only things moving north is high tech. HP just slashed prices on PC's (read: slowing PC sales) yet anything high tech was up 5% today. The semi-equip. makers are up, even with slow business outlooks. I don't get it. I haven't a clue about this market, except money is looking for a home in the market, screw 3% money market rates, and they aren't looking in the oil patch yet. Not sure when oil will rebound, but everything else in this market looks way overvalued. You know, 2% growth P/E's of 40. I still have some dry powder and will hold on to some cash for the time being. Good luck Mark