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

To: Gary Burton who wrote (42339)	4/16/1999 9:10:00 AM
From: Box-By-The-Riviera™	Respond to of 95453

Friday April 16, 8:47 am Eastern Time Diamond Offshore Drilling Q1 Net Shr $0.37 Vs $0.56 (This is a headline-only alert, although it will likely be followed by an article soon)

To: Gary Burton who wrote (42339)	4/16/1999 9:25:00 AM
From: SliderOnTheBlack	Read Replies (4) \| Respond to of 95453

<< ''People are still waiting to see what happens next,'' >> & GaryB - ? ...this ''is'' the story here imho; - people (read - The Street) are WAITING to see what happens - waiting, is not indicative of buying support imho... time will tell. PS GaryB; obviously the purpose of EW's like any other technical indicator is to be a tool to make a specific call - so in your opinion; what is it ? a breakdown under 60, or a breakout through 68 ? Sometimes in life one has to make a tough decision - personally imho; technicals often give more than one possibility, but the interpretation still has to be made, often using ancilliary technical indicators as to what the move will be. Hey - anyone can cover both the upside and the downside, but $ are made by picking which fork of the road to take. Not trying to unfairly put you personally on the spot,but it is specifically during difficult times that a technician, or a system proves its worth ! We are asking you to step up to the plate here and face Randy Johnsons 98 mph heater and take a swing - can't just hope for a walk here (VBG)... As such; during these mixed signal times is when we need your technical expertise the most; I do not recall any technician on CNBC when asked specifically - answer -''I do not know, or answer it could go up, or it could go down'' - (VBG); so is it up, or is it down, - or is it a I don't know ? ******************************************************************************* from Bloomberg this am: Energy News Fri, 16 Apr 1999, 9:10am EDT London Crude Little Changed as Proof of Oil Production Cuts is Awaited Crude Oil Steady as More Signs of Cutbacks Awaited (Update1) (Adds details from 6th paragraph.) London, April 16 (Bloomberg) -- Crude oil was little changed, after climbing 1.9 percent yesterday, amid concern producers may fail to make production cuts as promised in their latest plan to end a global glut. Iran and Saudi Arabia, the two largest members of the Organization of Petroleum Exporting Countries, both announced plans to honor production quotas set last month. Yet oil producers within the group failed to meet quotas last year, bloating inventories and sending prices to 12-year lows. ''People are still waiting to see what happens next,'' said Philip Oxley, a broker with Credit Lyonnais Rouse Ltd. ''We've got to give (the OPEC plan) a chance to see if the cuts work out.'' ****************************************************************************** People are still waiting to see what happens next,'' said Philip Oxley, a broker with Credit Lyonnais Rouse Ltd. ''We've got to give (the OPEC plan) a chance to see if the cuts work out.'' ----------> this is the entire Story here imho.