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

To: SliderOnTheBlack who wrote (42380)	4/16/1999 12:36:00 PM
From: Big Dog	Read Replies (2) \| Respond to of 95453

I'm with you Slider. The across the board strength looks convincing. BUt I would advise folks to not start feeling bullet proof. After all, these aren't dot coms. :) I sold FLC and WFT. Looking to buy back...or not. Doesn't matter. There will always be another bus come by. big loosbrock.com

To: SliderOnTheBlack who wrote (42380)	4/16/1999 10:16:00 PM
From: articwarrior	Respond to of 95453

" Folks; SII has 2000 eps estimates at $1.20 - a PE near 35 ??? CAM 35ish here ? - whooooa nellie, but when the mo - mo pauses;" Slider consider the valuations basis... Most of the firms have gone thru a reporting period where the basis price of oil adjusted down their worth quite considerably. Now consider that the "Price of OIL" is now in the 17 - 20 range, what does that do for valuations of assets? It sends the old estimates out the door and you have to readjust your bottom line. Smart analysts will be doing this now and this weekend you will see a slew of UPgrades. If not I hope we dip again so I can add to my portfolio. You see all these wonderful estimates are going to have to be adjusted.