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Strategies & Market Trends : Z Best Place to Talk Stocks

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To: Larry S. who wrote (33974)	10/26/2001 11:49:40 AM
From: E.J. Neitz Jr	Read Replies (1) of 53068

One possibility on Domestic Oil Stocks. Analysis: If oil and gasoline prices have plunged to lower $20's per barrel past few weeks, why have most DOMESTIC oil and gas producers stock prices jumped past few weeks. Generally they move in unison with price of oil. Bizzarre? Maybe not. I think the smart money has been buying recently on the anticipation that the US will move the war effort into the Gulf region....and production from Iraq will stop, and that Iran and possibily Saudi Arabia will cut back production or cease it based on our recent tensions with them(many terrorists are from Saudi Arabia--including Bin Laden). If that is the logic, how can we equate that dire senario to the general rise in stock prices? The answer is it doesn't correlate. Maybe another reason for caution.

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