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

To: Mike from La. who wrote (35294)	1/17/1999 9:56:00 PM
From: SliderOnTheBlack	Respond to of 95453

Mike; agreed.... the cure for low oil prices - is low oil prices ! I like the oversold condition presently; irregardless of Crude prices - we have 20-40-50% appreciation potential in many, many stocks just on price swings like we've seen since the big September Market Sell Off. Buy & Hold Longterm, trade in & out - either way; this sector offers a far superior risk vs.reward scenario than virtually any other sector. There are many ''doubles'' here even with $13 crude through year end. $13 crude will see OSX 66 imho, $15 crude - OSX 85 and $18 crude - OSX 100..imho. We are seeing many institutions forming positions of late in stocks like SDC that have refused to sell off. As we've just seen stocks actually go up, instead of sell off into the face of bad news; ie: SII - this earnings period will be the ''clean the slate'' period for this sector. While Q1-3 will not see too many favorable year over year comparisons; starting with Q4 we could see some nice moves on year over year performance. IF we are at $15-16 crude in Q4 with the expectations of $18 crude returning, or at least $15+ being a floor; the OSX will be on it's way with a very lean & mean Oilpatch poised for solid year over year gains going into year 2000. The time to enter positions is right now. Select your horses and pick your entry prices; this last earnings release season just may be the last ''bottom'' entry point and the end of the bad news sell offs...

To: Mike from La. who wrote (35294)	1/18/1999 8:31:00 AM
From: JungleInvestor	Read Replies (1) \| Respond to of 95453

Excellent!! Ben Graham would have loved the OSS stocks at these valuations. Those who are holding OSS stocks for the long term (2 years or more) can sleep very well at night knowing that they will eventually be rewarded with extraordinary returns. There is no need to worry about the day to day fluctuations. There was a funny and appropos cartoon in the San Diego Union Tribune a while back. It showed the facial expressions of an investor looking at quotes for his stocks. The expressions ranged from ecstasy to indifference to horror - in one day (it was probably an internet investor). Warren Buffet does not have a ticker tape machine and does not worry about these short term fluctuations. His only interest is finding undervalued companies to invest in FOR THE LONG TERM.