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

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To: Tomas who wrote (59994)2/9/2000 10:58:00 AM
From: SliderOnTheBlack  Read Replies (1) of 95453
 
Bought initial/partial position in BR today.... watching for further weakness

XOI comments earlier are real valid - major institutional fav's buckling.

KEG is not looking good - big gap to fill guys fwiw...

Wanting more EOG lower, APA may start a bit here, or a bit lower and will load on further weakness, waiting to add more NBL in $20 range, will add FLC DO further down...

Patience will be rewarded here imo - we are soft and getting softer... a slow bleed vs. a spurting arterial gash here, volume not massive, but the trend is NOT our friend here...

Keep the powder dry - use it sparingly...

BSNX - may get to re-load in the $7's again ?

FST & XTO in the $7's ? - who knows...

There are simply no buyers here - period.

The question is; do you buy now, or wait to see what looks to be nothing on the horizon to change things thru the OPEC meeting ?

I think we will see prices lower before OPEC announces = continued great buying opps.

I would NOT be margined here... (yet !).
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