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

To: S. M. SAIFEE who wrote (35865)	1/26/1999 4:49:00 PM
From: marc chatman	Read Replies (1) \| Respond to of 95453

<<Buy high and sell higher could be very risky at this point>> I agree, but I don't think that's a good reason for trading stocks which are in a bear market -- at least on the long side. I think any number of people on this thread have entered a short-term trade in OS, only to end up a long-term investor. But if you can do it successfully, great. <<what come out of ground (oil) is depleting commodity so the glut will eventually disappear>> Well, I'd agree that when the oil coming out of the ground is fully depleted, demand will outweigh supply. Of course, I wouldn't want to be owning SLB or RIG at that point in time. <G> Seriously, IMO, the mere fact that oil is a depleting resource does not mean the glut has to disappear prior to oil becoming a sunset industry. I do believe the glut will disappear, though, due to economic forces.