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 (67470)	6/2/2000 10:07:00 AM
From: SliderOnTheBlack	Read Replies (4) of 95453

"tradeable" not "investable" NAZ rally ... I sold what Tech I had left & went short on 5 that went way too far on far too little volume (lots of short covering). The reaction to this factory order & jobs report is preliminary and is a rally based only on the tip of the inflationary iceberg appearing positive. The market really got this one wrong - come the June 27/28th Fed Meeting we shall see... OSX buyable on dips - given some selling on the OPEC production increase that looks inevitable. Allthough the OPEC increase is in essence meaningless for us; the market allways over-reacts. Perfect example of trading the traders & not the fundamentals of the market, or the stocks. ESV getting ohh so close near $30 - in my sites; still just holding my 3 mainstays - nothing changed here in months: FLC PGO BSNX

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