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

To: VLAD who wrote (38960)	3/4/1999 7:10:00 PM
From: Crimson Ghost	Respond to of 95453

Vlad: I'm not quite sure what this means, but energy stocks in general were unusually strong relative to the OSX today. Or conversely, the OSX was unusually weak compared to the broad energy indexes. The Fidelity Energy fund rose about 3.5% today versus 5.3% for FSESX. FSESX usually moves about three times as fast as the Fidelity Energy Fund. In addition to my FSESX position, I just put a slug of money in the Fidelity Energy Fund as a lower risk way to play oil and am most pleased with its performance.

To: VLAD who wrote (38960)	3/4/1999 7:13:00 PM
From: tdl4138	Read Replies (1) \| Respond to of 95453

Good question... Unfortunately no one has the answer. Reqardlesss, it will take some time for the price of crude to stabilize at higher levels and then filter out to companies in the form of earnings. Crude has spiked up before...and the euphoria was short lived. Don't forget,all E&P budgets have been slashed. It'll take some time before they decide to open the purse strings again. I would suggest picking only stocks that will benefit from a pick-up in the industry....The HAL's,SLB, FGI..and the like. The drillers will have to wait for day rates to improve before they become "earnings driven" again. To miss a few points on the way up would be nothing... Just be cautious. Happy trading Dave