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: paul feldman who wrote (58131)	1/7/2000 3:55:00 PM
From: SliderOnTheBlack	Read Replies (3) of 95453

<The "rotation" will not last. We saw it last April-May.> Paul; it won't last if the Nasdq & Dow hold firmly here as there will be no reason to continue to rotate. Does anyone really expect us to move against this: 1. Allready acknowledged "disappointing" - "trough" earnings from the OSX coming in weeks. 2. Crude retracing 3. Poor winter weather for heating demand - Nat Gas Prices retracing and not much time left for Winter to arrive... 4. Dow & Nasdq recovering and regaining momenteum ? 5. OPEC - March meeting; will they , or won't they ? Still looks like a "trading game" where margining the bottoms & selling/taking profits at the first hint of turning and continually rotating to laggards remains the game... If I was buying with new money - it would be for trading the mo - and selling at the first hint of weakness, or buying the laggards & doing it asap.

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