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: Pete Young who wrote (94261)	10/3/2001 5:32:53 PM
From: reid brandon	Read Replies (1) of 95453

Nice post, Pete! Another translation: We are certain you fools will sell your shares, weak hands in panic times are good prey for those who have long term vision such as we brokers who accumulate for wealth. A real investor is a contrarian. Go against the crowd. Oil prices will rise again. You can bank on that happening as the economy recovers and all the airlines are flying again and the big gas guzzling vehicles (Excursions, Explorers, Suburbans, SUV's etc) hit the roads. Looking at past news announcements for BJ Services over the past 60 days you can see how they jerk investors around: Sept. 18 downgrade by JP Morgan Aug 16 upgrade by Morgan Stanley July 25 upgrade by JP Morgan July 23 downgrade by Salomon Smith Barney July 23 upgrade by UBS Warburg Buying on the dips. Reid. What's an investor to do? Buy low and sell high.

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