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

To: Bald Eagle who wrote (38984)	3/5/1999 12:46:00 AM
From: Tradelite	Respond to of 95453

With all due respect to those who are concerned about whether this run-up in stock prices has to do with "speculative" increases in the price of crude and whether the prices outstrip the book value of the companies involved------ all I can say is.....this oilpatch stuff is a lot of fast-moving fun. Bought SLB at 49 1/8 on Feb. 18 Bought more SLB at 48 on Feb. 24 Sold all at 54 11/16 on March 4 Pretty nice gain for two weeks of ownership. Only reason I sold was because I had to leave the computer and didn't trust my gains to last thru the traditional Wall Street afternoon sella-thon. Will try to pick a choice spot to jump back into the oil patch tomorrow. Cheers and happy trading!