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: DataBits who wrote (88615)	3/13/2001 5:59:02 PM
From: Roebear	Read Replies (1) of 95453

Mr Data, While I won't recommend margin for it, I'm suspecting based on the tape today that at least a bear market rally is in the offing and it could be significant. While not calling a bottom myself, I will at this point admit the possibility. How strong a possibility will depend on charts later tonight and market action the next few days which is critical. Decent chance that a third fed cut and a tax cut could do the trick anyway. Reasonable oil prices (and by inference NG) staying within the OPEC basket will be good for everybody, including the OSX and XNG (like to see 462 hold) as the shoulder season wanes. Judging by the telemarketer call volume I have been receiving, a lot of cheap money is being made available via the good ole plastic (ggg). Almost talked one into paying me (my life ambition, LOL) to take one, but I guess they were confused by my offer. Best Regards, Roebear

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