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: Jon Cave who wrote (61547)	3/6/2000 6:51:00 PM
From: Archie Meeties	Read Replies (1) of 95453

"all oil stocks are down - CNBC" Jon, A suggestion. From here on, use CNBC as a contrarian indicator. The mistake is to think that a shift in investment strategy will occur after a tech collapse. Equally likely, $30 oil and the shift into this and other commodity driven sectors will be the catalyst of such a shift, not the consequence. When the heads on CNBC unanimously start pounding the table about the OSX - then, and not a moment before - consider rotating out of the OSX. Meanwhile, I'm turning off the tube and brushing up on my accounting. Took some profits today - maybe a foolish move in retrospect, but will not hesitate this week on any weakness. Rotated into PKD, T.BKP, some micros. Happy trading, A.

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