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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: SliderOnTheBlack who wrote (55288)11/23/1999 12:23:00 PM
From: Gary Burton  Read Replies (2) of 95453
 
Slider---the thing is though that the Sellers of stocks like OEI know all that. It's not like the sellers know less than the buyers. So,as I see it, the FA stuff is irrelevant here at the margin. The question we should be asking is WHY are the block sellers selling? Is it simply that NG is down due to warm weather? Is it because no one wants to buy until the oil price climbs back down from an 'unsustainable' spike? Is is because of worries over a world economic slowdown? Is it because 'everyone' knows the other shoe has to fall on the oil price equation, that of increased OPEC production?---or is it because of a loss on derivitives due to the oil price spike?
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