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 9:16:16 AM
From: ItsAllCyclical	Read Replies (3) of 95453

>> the trend is reversing, and CRUDE is down. So please stop the bashing of any short position << We're soooo sorry. Maybe we're tired of a certain someone yelling SELL, SELL, SELL without supporting evidence. Your biggest argument so far has been that you have hunch that more oil may be coming our way. You will have your day. Of that I have no doubts. The question remains how much further will we rise in the interm before that happens? Actually oil stocks seem to have their best rallies AFTER earnings. I don't know why, but that's been the pattern. I disagree with John Q. Public on this one. Spectacular earnings have very rarely moved us during the earnings period. However, contract announcements or increases in cap ex would. Also Techs are going to get hammered this morning too. The most likely scenario I see for the OSX until post earnings is a trading range from 130 to 145. Yes, technically speaking the OSX leaders are ahead of themselves, but the BIG trend is not reversing. Feel free to play the baby trend.

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