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

To: VLAD who wrote (33464)	12/24/1998 1:21:00 PM
From: SJS	Respond to of 95453

Based on your comment: "Very little short term risk but a lot of long term gain* is at hand here IMO.* I agree. But, here's my question, then: When will GLM get back to it's high? Now at 9ish, once at 36ish? 1 year, 2 years, 3 years, longer? Bah...who want to wait? It took a year to crash this oil market, is it gonna take 3 years or longer to return? Is something wrong with that equation? Here's what I like: QWST went from 11 (split adjusted) in June 1997 to 47 today (18 months later). A 4 bagger!! I liked the oil driller market much better in 1997 (early!!). 1998 was the year of the "false start" and the perpetual search for the holy bottom. As I said to Slider, it's out there somewhere, as is someone's roadmap for oil's return. I just don't see it happening for a LONG time without tremendous external stimulus to shake out some demand......or create some fear. Best for the holidays.. Steve