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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Post_Patrol who wrote (64198)4/10/2000 4:07:00 PM
From: SliderOnTheBlack  Read Replies (2) of 95453
 
Postal - I hope you're right because -

I'll be 3:1 leveraged at OSX 85 - but, we wont see it imho.

Don't chase 1/4's here - buy RIG at say 43, 41, 39ish - make it come to you; HAL 38, 36, 34 - adding leverage to reach the max level you're comfortable with at the bottom target levels.

This sell off is on the belief by only 20% of the market that thinks it's seeing Oil going to Kudlow's $15. - It isn't and trust me - OPEC is watching the futures tape and I can guarantee you that veins are popping out of necks globally.... they are getting whipsawed by the futures traders who control oil prices - they over-react dramatically in both directions.

Watch their new message, which can be told with an "I told you so-esque" tone;it will be to tell Richardson where he can shove his worries of $2 gasoline...and to simply point to the crude futures pits and tell Richardson to not waste their time any more as "they" obviously dont control crude prices (VBG)~

How many Billions did Middle East Treasuries just lose and give away on this gift to the West; so we can drive 18 foot long,3 ton, gas guzzling SUV's with our birthright $1 gal. gasoline ?

...supply & demand still strongly indicate $25ish crude + and if futures traders take it under - OPEC holds the last card and they'll play it.
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