Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: Sharp_End_Of_Drill who wrote (2237)	9/27/2001 6:46:48 PM
From: SliderOnTheBlack	Read Replies (1) of 36161

sharpo... SWC is looking cheap I haven't held it in a while... looks like a good call. I covered my shorts Oil today and established initial re-entry long positions in GLBL MVK LSS GRP...close on a few others... looking at some driller leaps too. The $64 question/bet is whether the "global recession" DISCOUNT now being priced into both oil & oilpatch stocks will be replaced with an event-driven "war/oil supply disruption" PREMIUM... TA can't predict the next terrorist attack, or Saddam stopping oil shipments. The global recession discount has been taking osx stocks headlong to LT cyclical support of osx 45-50....but, given the state of global events... I had to cover all shorts and re-enter some longs here... GLBL sub $5 is allways a good bet & the "pipe group of GRP MVK LSS" is looking like LT value... surely; RIG RDC ESV NE et al will be huge gainers from here... it just a matter of time... Anyone who didn't ride the chihuahua off the OSX cliff from 120 & is bringing fresh cash in here is safe LT... only a matter of time. At OSX 45-50 - I am a huge leap buyer and will load the boat...as should anyone & everyone... but, we are close enough on some stocks here - that you gotta be in for a taste.

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