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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: James F. Hopkins who wrote (3886)	1/13/1999 1:58:00 PM
From: epicure	Read Replies (1) \| Respond to of 99985

I agree with you about the risks. I know the rig count is way down. They have been discussing that on the Strictly Drillers thread. I would suggest though, that the drillers are an area that actually has value...maybe, as opposed to the rest of the market which is mostly grossly overvalued. I suspect that is why Soros has bought into flc. But I note your concerns and I agree with them.

To: James F. Hopkins who wrote (3886)	1/13/1999 2:01:00 PM
From: HairBall	Read Replies (1) \| Respond to of 99985

Jim: You are so right. OT I held a large position in an oil services company, based at the time in Midland TX, while I was living in Southern California in the eighties. I guess it made me feel like I was part of TEXAS...<g> However, I held that one way to long. My investment just kept going down. But, I was very lucky, we (the stockholders) decided to move the company to Houston and sell off the assets. Believe it or not I got enough of a final dividend payment from the sell of the assets to break even on the investment, except for the commissions. That taught me a very valuable lesson. And, I was fortunate enough not to have to pay dearly for it...<g> Regards, LG