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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: jim_p who wrote (65661)5/3/2000 12:54:00 PM
From: ItsAllCyclical  Read Replies (1) of 95453
 
There's still a lot of time before the Fed meeting. I think the market is now in the process of pricing in a 50 point move. As such if/when it happens I don't think it'll be a surprise. I'm not buying anything yet. The majors failed to rally again and the OSX did not breakout to new highs. As such consolidation seems more likely than a breakout. Add in some tech weakness and there will be better days to buy. It feels really good to have ALL my buying power going forward.

I'm a buyer if PGO 15 is seen again, $7 Hoff, $8 Keg, $18 FLC.

In techs I want to buy NITE at 30, WCOM sub 40, PSIX sub 18, PKTR at 17 and NTPA at 30 or less.

I'll change to bullish near term on the oil sector if the XOI can close and rally above the 500-510 area once and for all.

207.61.23.98
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