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Strategies & Market Trends : games trader group

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To: John Paquet who wrote (156)10/8/1999 7:06:00 PM
From: goldsnow   of 507
 
Investors, meanwhile, are expected to remain bearish on oil shares until the crude market pulls out of its current tailspin.

``Oil stocks always underperform the market when oil prices are declining, and outperform when they are rising,' said Gheit. ``It's not the level of oil prices, rather it's the direction.'

``Oil stocks are now not the place to be,' he added. ``Stay out of the water, or out of the oil, for now.'

biz.yahoo.com
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