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: A. Geiche who wrote (51118)	9/14/1999 5:01:00 PM
From: SliderOnTheBlack	Read Replies (1) of 95453

Quiche/Geiche: "Depressed" ??? not hardly... I have the cure ! 10-20K MEXP a day - will keep the OSX Bear away ! ...Bollinger Bands tightening; moved to a nice area of buying support at $2 1/2 .... up 30% from initial buys @ $1 7/8 and adding on any dip - following her all the way up through; 1. The refi announcement 2. Q3 earnings release 3. Analyst upgrades & year 2000 estimates - then; on the move off of the analyst upgrades, I may start taking profits and looking at other trading opps. There are 2 distinct "anomalies" in the Oilpatch right now; glaring opportunities. If the Street takes these 2 much lower - I am buying some "Calls" here shortly. E&P's once again - in the sweet spot; they control their own destiny and are going to be driven on fundamentals of higher cash flow & earnings going forward starting with Q3 on a year over year basis. They can step up, or back off of cap ex spending - depending on commodity prices. They do not need continued rising "expectations" to keep moving here. Allthough; anyone who is selling based on CNBC's spew here... in thinking OPEC is going to do something stupid in their September meeting here is wrong. This is creating at the very least a short term trading opp - as the sector will bounce after the OPEC meeting. Now we may see another retrace on the Q3 earnings reporting, but - if commodity prices repsond positively to the OPEC meeting - maybe not; and then this is the buying opp for OSX fans. Staying purely E&P's and in just a couple of stocks here - but there are 2 service companies that I am a "call" buyer in very shortly...

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