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: jim_p who wrote (60008)	2/9/2000 12:55:00 PM
From: ItsAllCyclical	Read Replies (2) of 95453

>> The time to buy is when everyone is selling. << Normally, I'd agree. But this is a sector dominated by institutional investors. I'd rather not be buying when they're selling. We are still not close enough to the OPEC meeting. Granted sentiment is getting ugly, but it's still way too early to buy unless you want to sell on the first bounce. Many of the service issues still look overextended short term. I want a cash hoard to buy some of the issues that are breaking down technically. PXD another break into the 7's? XTO sub 8? FST sub 8? FLC sub 12, 11...? The good buys are just starting.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next