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: CpsOmis who wrote (64174)	4/10/2000 2:29:00 PM
From: ItsAllCyclical	Read Replies (2) of 95453

I like the BSNX chart. As such I bought more calls today. You're saying it's trending down, well so were most of the other E&P's during that same period. I see a very clear uptrend since the low 7's. We are at the point where this uptrend line is breaking the long term downtrend line I believe you're talking about (very positive). We have oil prices (sentiment to a good measure imho) very near the bottom of OPEC's range and BSNX is holding up nicely. The next move in oil prices will probably be up and gas prices are above $3. And you're spooked? BSNX chart askresearch.com I guess if it was 16 you'd feel more comfortable about buying? Buying MRO in large amounts today.

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