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: GREENLAW4-7 who wrote (72215)	9/4/2000 8:23:26 PM
From: in_outdaily	Read Replies (1) of 95453

Greenlaw; Your expectation of a OSX correction is understandable, since the OSX has never managed (since early 1998) to sustain a meaningful rally that doesn't fade whenever some OPEC yahoo exhales. <grin> HOWEVER, the perceptions of almost everyone have changed 180 degrees since those dark days in Jan 1999. This change in perceptions is extremely bullish IMHO. Story after story is priming the pump about NG/oil shortages. I'd be nimble on the short side of any OSX stock... As noted in previous posts, I trade HAL both long and short quite frequently. Personally, I'm hoping for another substantial dip so I can load up again. In the mean time, I scalp HAL whenever the opportunity allows. (Picked up 2 1/2 points last week on HALs fluctuations.) TA wise, HALs daily charts show that the MACD has turned negative, but the weekly chart is still showing a lot of strength and the 60 minute chart has just turned upward again... You may get a decent enough dip to cover your shorts for a profit prior to the upcoming OPEC meeting, but I think you'll have to be quick to do so. My 2 cents Bill

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