NorthPoint Communications Holdings, Inc. (NPNT) 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.

Technology Stocks : NorthPoint Communications Holdings, Inc. (NPNT)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: P314159d who wrote (506)	1/24/2000 12:40:00 AM
From: ItsAllCyclical	Read Replies (1) of 786

(OT) - Oil and gas stocks Based on TA alone oil will break $30. OPEC wants to bring the world to it's knees so that when they do increase production again, oil will settle at a more reasonable level say $22-25. Had they increased production at $25 oil might have gone sub $18 again. Adjusted for inflation $25 is still cheap. OPEC knows this. I'm 70% oil and gas stocks here and have been for the last 6 months. The last month it's finally paying big dividends. But I've done OK trading the sector during the other 5. My three biggest holdings here are VPI, OEI and PXD. All will show huge earnings increases this quarter. VPI is a little ahead of itself short term (but still cheap), but OEI and PXD are still excellent buys short term. I expect OEI and PXD to trade in high teens and 20's again by mid 2000. PXD is around 9 1/2 now. It'll see 10 1/2 this week. When you're on margin that kind of move is still good. The 200 dma is around 10 1/2 so I expect it to consolidate a little around 10 1/2. After that it'll 15+ again pretty easy. I own others, but these are my core holdings.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next