Strictly: Drilling and oil-field services Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Strictly: Drilling and oil-field services

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: ItsAllCyclical who wrote (57752)	1/2/2000 10:40:00 PM
From: ItsAllCyclical	Read Replies (1) of 95453

Looking for BIG relief rally tomorrow... Honk Kong market just hit new high. I expect the techs to open strong again along with the laggards. Oil prices may be weak if too many expected y2k problems to drive up prices further. As it stands I don't see more than a $1 downside, but who knows...I'm not an oil trader. More likely it'll be a non-issue just like it was a non-issue in most investors minds pre-y2k. There were both supply and demand issues so a clear y2k could be seen both ways for oil stocks. I would be surprised though if breadth doesn't improve significantly during the next month in the overall market. If oils continue to stall I will get off margin in a hurry. I think it's an E&P game at least until this earnings cycle is over. We may see OSX stocks gain some, but those gains will be tempered by mediocre/poor earnings by and large. I'll probably start to get back into OSX stocks mid Feb or after any significant market pullback. I agree with Bull that over a 2 year period OSX stocks will do better, but during the next 2-6 months it's still an E&P game imho. But for now it's steady as she goes...

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next