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: ItsAllCyclical who wrote (60039)	2/9/2000 6:54:00 PM
From: ItsAllCyclical	Read Replies (1) of 95453

Trading XOI issues... Opinions welcome. If memory serves Texaco (TX) is the one major that's really stepping up their E&P efforts, correct? So far P, CHV, TX and ARC look like the best bets (purely on a technical basis being close to bottoms). I'm only interested in trading these, not owning them long term. My buy targets would be Stock Current Price Buy area P 38 35-38 CHV 75 70-74 TX 49 45-48 ARC 64 55-60 MRO 23 18-20 I would appreciate any feedback. If I'm going to be trading short term in these uncertain times, I want something extremely liquid that can't be taken down because one or two funds choose to sell. The XOI issues while having the least upside long term are also the safest imho to trade short term. To be safe it's probably best to wait for a day where it looks like we'll close well off the lows and add some positions in the final 30 minutes. I'm tired of being nickeled and dimed to death in these smaller issues.

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