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: que seria who wrote (76265)	10/13/2000 10:04:40 AM
From: SliderOnTheBlack	Read Replies (1) of 95453

re: "Grinding Bear" market G Cole; I agree that is what we've got; but I think we're about to perhaps get a very quick 3-400 point downdraft taking us under those important sentiment benchmarks of DOW 10,000 & NASDQ 3000.... then the "grinding" resumes... a 500 point rally, followed by a 700 point down-grind, 2 steps forward, but 3 steps back etc. Today makes absolutely no sense...let 'em prop it up & scramble for more fingers to man the dike.... just a matter of time. I'll be curious as to how we close today. ...waiting on $20ish OXY here - seems like a must add E&P at that level... still has that upside production growth surprise ability going forward as a catalyst; meanwhile the dividend doesn't hurt and eps/cfps certainly support a 50%ish potential move to $30 in another leg up. Waiting on ATW GLBL lower as well, maybe add some SCSAY too; would love to catch Euro-laggard LSO in the $5's as well.

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