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: JoeDi1213 who wrote (49237)	8/11/1999 8:56:00 PM
From: IndioBlues	Read Replies (1) of 95453

I agree Joe. I am thinking most of the drillers and service cos. are ripe for some profit taking for several reasons: (1) patch valuations exceeding patch fundamentals (does anyone seriously disagree with this?); (2)overbought technical oscillators; (3)beaten up techs starting to look like they have some life to the upside. We may not see the correction in the patch until we get a little closer to the 24th, but I think it will surely come once the street is well convinced that a hike is coming AND that the hike is priced in. Today's action may signal exactly that sentiment. We'll See. To Each his (or her, if you are Diana) own. Good Trading All. Bull, you do make a good argument.

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