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: jim_p who wrote (63283)	3/29/2000 11:34:00 AM
From: SliderOnTheBlack	Read Replies (2) of 95453

Today we saw the turning point - between confident money & momenteum money This pre-opening warning on SII tells the entire story imho. --------------------------------------------------------------------------- Wednesday, March 29, 9:28 am Eastern Time Alert: NYSE Indication Last 76 7/8 Bid 70 Ask 73 (NYSE:SII) ----------------------------------------------------------------- A 70 bid on SII - hit $80 after the dust settled... Momenteum money does not understand what the fundametnal underlying strength of the simple supply and demand drivers have done to the support of what OPEC just established; as a solid floor under crude prices. Today; for the first time; Confident - real Oilpatch money stepped in and took all the shares that the momenteum players were willing to sell. Momenteum players did not have a clue to how this would play out; they were bailing out, off of the OPEC news - and old line money stepped up and bought everything the mo-mo boys were willing to puke on. This is the broadest & deepest rally we've seen yet. Today was an important turning point. The BOOM 2000 SUPER TRAIN - is on greased rails here... All aboard~

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