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

To: marc chatman who wrote (36097)	1/28/1999 3:34:00 PM
From: Platter	Respond to of 95453

OSX down 1.54 , at 49.26

To: marc chatman who wrote (36097)	1/28/1999 4:09:00 PM
From: Crimson Ghost	Read Replies (1) \| Respond to of 95453

Marc: We are closing near the lows. A bad omen for tomorrow. I agree that a 20-30% further drop is not likely but possible. I still think we will go lower until we get some sort of a selling climax. Probably very soon, but the old lows may be violated first. My guess is another 5-10% down before a big turn. Long-term I am as bullish as anyone here. I expect 200 OSX a few years out. But experience teaches that in a bear market as savage as this OS fiasco, the stocks can go lower than anyone dreamms possible.

To: marc chatman who wrote (36097)	1/28/1999 6:32:00 PM
From: marc chatman	Read Replies (2) \| Respond to of 95453

Thursday January 28, 6:05 pm Eastern Time Oil Industry Wants Government Help ... Legislation introduced Thursday by Sen. Kay Bailey Hutchinson, R-Texas, would give a tax credit to operators of marginal oil wells and tax relief to those willing to restart some of the thousands of wells that have been shut down because they're not profitable with the currently depressed prices. ... biz.yahoo.com I really sympathize with the people losing their jobs, but the thought of the Government subsidizing inefficient wells, causing an increase in supply and more pressure on crude prices is a nightmare-in-the-making. Actually, it sounds like something the Government would do.