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Strategies & Market Trends : John Pitera's Market Laboratory

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To: Terry Whitman who wrote (5032)11/14/2001 6:54:22 PM
From: isopatch  Read Replies (3) of 33421
 
Hi Terry. Sea of red in the Oil Patch today

OSX took one of it's biggest hits of the year.

finance.yahoo.com

Dec. crude down 9% on the close:

quotes.ino.com

I've got a few positions. But am going to wait before getting aggressive.

Mild weather, tons of cheating by OPEC, Russian gives OPEC "the bird"<g> by only cutting a token 30,000 bbls/day, AND my read is there's more tax selling yet to go before year end in these stocks.

All in all, OSX, XNG and XOI could easily test their lows during that time frame.

Agree about NY as the highest risk city to live in. Wouldn't go near the place. Too bad the NYSE is there.

Beyond that? Imagine having Hillary for your Senator?! E GAD !!!<lol>

Isopatch
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