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 (73246)	9/13/2000 7:27:44 AM
From: Post_Patrol	Read Replies (1) of 95453

greenlaw4-7 Smart Money seems to agree..>>http://www.smartmoney.com/smt/columns/commonsense/index.cfm?story=20000912 That said, now isn't the time to go on a shopping spree in the oil patch. On the contrary, it's time to begin reducing positions slightly in anticipation of an inevitable decline in prices. Most of the major oil producers are near 52-week highs. Three years ago was the time to buy (when you couldn't give them away). It's certainly OK to buy oil stocks low and hold them forever, but a better strategy is to buy gradually in declining markets and sell in rising ones. We remain in a rising market.<< ThePost_Patrol

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