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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: jim_p who wrote (84626)1/18/2001 2:06:26 PM
From: cnyndwllr  Read Replies (2) of 95453
 
Jim p and others; looking past today and this week, I'm curious to know whether you see any significant possibility that in the next few months or even 2-3 years, that drilling activity will slow. Given this administration and unless opec comes apart or there is a massive meltdown in the economy, it seems unlikely to me that this will happen. If exploration holds or increases, what would be the intermediate term risks of oil service stocks at these prices?

Looking past the immediate market movements, I'm just curious about how some of the posters here see things for the drillers and service companies.

My feeling is that if the intermediate term risk/reward ratio is favorable, it's fine to buy dips and sell peaks or, alternatively, to hold.

I believe that this thread is becoming more oriented toward the short term trading strategies than the intermediate or long term, but even though I tend to be a trader, I think that the intermediate and longer term are critical for even short term trading decisions. What happened to the days when yawl laughed at the fools who were selling oil stocks BECAUSE YOU HAD A LONG TERM VIEW? Now yawl seem to vindicate your trading decisions based on what the crowd did today or this week. Ed
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