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: BigBull who wrote (64822)	4/17/2000 5:22:00 PM
From: BigBull	Read Replies (2) of 95453

The Naz rallied today off it's 200 dma, this is good. I think we get a few days of rally and then a retest of the lows. Ditto with the OSX. I put a rally of the OSX up to the 108 - 110 area then to restest 100. If that holds, I'm back in. Could be a nice run coming if that is the way it works out. Catalysts: 1. Good earnings from early cycle BJS, SII, PTEN, UTI, etc. 2. Bullish quarterly reports and con calls. 3. Improving rig counts/day rates. 4. Contract announcements. 5. Crude holding in the 23 to 26 range. 6. NG stays in the mid to high 2's. 7. Analyst upgrades based on above. This may drive a rally to 140, but after that folks I think the Bull will be takin' a chill pill on patch stocks for a while. But I'm getting ahead of myself. The bear case has been stated by Lawrence Kudlow and his apprentice from the "Dark Side" - you know who. ;o}

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