Strictly: Drilling and oil-field services Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: jim_p who wrote (73972)	9/20/2000 4:47:53 PM
From: isopatch	Read Replies (1) of 95453

Jim. In my Thurs post said ST the sentiment looked way too bullish. The negative reaction too good API and DOE news shows the tape confirming that ST sentiment extreme. End of quarter crosscurrents could wipsaw us up and down some, in here. But do feel we made at least a ST top in the OSX. Don't have a downside target. Will just try to sniff it out of the tape action when we get close. These end of quarter periods are the most difficult times to tape read with all the noise from last minute insititutional portfolio switching. We have had a nice run in the patch stocks since late July/ early August, so a correction coinciding with shoulder season weather would make sense. After that I'd expect another strong rally. If the broad stock market cracks our ST drop would likely become a deeper intermediate correction in the patch IMHO. Don't like the way the broad market is acting right now. Isopatch

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next