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: Think4Yourself who wrote (64636)	4/14/2000 3:36:00 PM
From: ItsAllCyclical	Read Replies (1) of 95453

John QP - If the market really suffers then demand for oil will too, just not as much. The overseas markets are getting hit by this too. It's possible we could take Asia back into a recession by ourselves. This is an ok level here, but if we lose another 20% then I may trim ALL my holdings back and go 25-40% cash. I think equal weighting of techs and oils might be good then. Right now though I'd rather overweight oil. Right now this is a VERY health correction. Some call it a bear, but I don't. The techs would have to close and stay below the 200 dma to convince me. Plus I don't see the internet going away anytime soon. Let's not be too gleeful if this selloff continues much further. JMVHO.

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