Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: SliderOnTheBlack who wrote (47026)	6/29/1999 4:15:00 PM
From: diana g	Read Replies (2) of 95453

FWIW, diana thinks the correction is over, and the next leg up will begin very soon---perhaps has already. I think there is No reason to think OSX is going to the low 60's, and in fact it is oversold here. Good (or at least not bad) #s from API tonite together with the relief of only a 1/4 point fed increase and the fact that the second half of '99 is starting and we're getting closer to next year's spending increases..... Rising Demand and OPEC producers holding firm and committed to $18-20Brent....I think there's every reason to be Long Now and I am. Perhaps TA guys will be right and we'll see a bit more down, but Reason tells me not to expect it. We'll see. Good Luck to All regards, diana

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