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: Razorbak who wrote (64866)	4/18/2000 12:24:00 PM
From: ItsAllCyclical	Read Replies (1) of 95453

Razorbak, with all due respect I think KEG's action is PURELY technical. There is no bad news to surface imho. KEG became a momentum favorite and it's just consolidating. This will make the next leg up more sustainable. With Techs moving again many investors such as myself trimmed other holdings to buy beaten down techs (I didn't sell any KEG though). The market should broaden once techs have made their initial surge, after that I expect oil issues to do well. Until then I think most oil issues move sideways. I did buy back MRO though. 23 3/4 is too good of a price. PSIX, NITE, ATHM, CYMI all rocking. Selling VPI was tough, but it's paying off nicely.

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