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: SliderOnTheBlack who wrote (58133)	1/7/2000 4:53:00 PM
From: ItsAllCyclical	Read Replies (2) of 95453

Now that crude as broken it's uptrend line I think big money will take a wait and see attitude until crude settles. (22-23 will be the low imho). They have plenty of other "value" sectors such as health care and biotech. Hell, even techs will be seen as good values since they're beaten down from their highs. I see no reason for big money to come in just yet. Slider is right, they are picking their prices and averaging in. I took some profits off the table today too. We may see an extension of this OSX rally on monday, but I don't think it'll make new highs. Monday we'll open higher and then end near the low imho. Still fully vested, but took some margin money off the table, shifted some into other sectors (HRC) and sold some more calls with near term expirations. Hoping for some cheap VPI or PXD on any crude pullback.

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