Strictly: Oil and Gas Exploration Companies Message Board

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Gold/Mining/Energy : Strictly: Oil and Gas Exploration Companies

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To: Madharry who wrote (268)	9/24/1999 8:37:00 PM
From: PuddleGlum	Read Replies (2) of 318

Armin- SFY's price consolidation is a good thing. You'll make money here. How high were these o&g stocks the last time NG was over $2.50 and oil was over $20? Something doesn't compute, and I think that it's because people know that oil prices have to come down from here, and because of the possibility of another El Nino next year. The earnings will start coming in, and then these stocks will resume their rise. On the other side of the coin, it seems that some of those gorilla tech stocks will far outgain anything that these o&g stocks will ever do. The point and figure indicators are all negative right now, so being partly in cash is a very good thing. I don't think we'll have a meaningful rally for awhile. pg

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