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

To: Crimson Ghost who wrote (39807)	3/12/1999 6:46:00 PM
From: Think4Yourself	Respond to of 95453

"We are idiots and completely miscalled this. Don't buy oils, keep buying techs so we can sell and rotate into the oils." This is what many analysts today were REALLY saying. These same bufoons will be harping oils in a few weeks when they are 30% higher, mainly because they will have bought in by then. It's easy to prove - most stocks are not within 20% of where they were during the failed November rally.

To: Crimson Ghost who wrote (39807)	3/12/1999 7:22:00 PM
From: JHR	Read Replies (1) \| Respond to of 95453

George, I've been a long time investor/trader in these stocks. Question I have is even if they do make the cuts, if demand doesn't perk up what carries the oil to $18 or so where the E&P companies are willing to increase budgets. Without that the drillers dont do much. I've seen Doug review how the companies are constantly reviewing how they perform at $10,12 ,15 etc. I have no clue what the price is where these guys start to expand budgets, but until they do, whats to drive the drillers. Triple witching next Friday should make it an unusally irrational week. Happy tradiding and investing.