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 (64258)	4/11/2000 10:42:00 AM
From: SliderOnTheBlack	Read Replies (2) of 95453

JimL - re: waiting for tech sell off... There is a huge amount of cash on the sidelines here AND Pension Fund Managers, Mutual Funds & other Institutional managers are talking about the FACT that they are removing money in an "orderly fashion" from Tech to the tune of $2 Trillion over the next qtr, or so. When the Oilpatch reports Q1 earnings; there will be more potential rotation money poised to come to the Oilpatch than at any time in the recent past - literally dwarfing any prior rotation that we've seen of late. Look at paper, chemicals etc. The minute that the futures traders sort of Crude Prices here and we bounce and stablize off of fundamental demand and supply storage numbers; the rotation free-flow will come full throttle. I would not anticipate that the tech selloff will take everything else down with it - THIS TIME; as all of these money managers are on record for rotating out of tech - trimming; and going to cyclicals, consumer staples and remember - ENERGY has earnings comparables that are and will be the BEST of ANY subsector here going forward. The Tech selloff will help us going forward here - if paper & chemicals weren't ramping as we speak - endorsing the reality of tech rotation - I would agree with you; but here - the tech selloff is good news for the Oilpatch imo and combine the massive amount of cash on the sidelines along with that $2 Trillion Tech rotation - and our timing for tremendous earnings reporting = buy/leverage the selloff on the "Kudlow-ite" Spin Doctoring and the pricing of the sector for a return of NOESIS-esque $15 Oil... $15-$18 Oil and OSX 80-85 - AINT HAPPENIN' - bank on it. The point of all of this volatility; is that one can NOT wait for magical price targets before either buying, or taking profits/selling - one MUST average up, or down here - or, you can miss 15% moves in 3 days...

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