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Strategies & Market Trends : John Pitera's Market Laboratory

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To: isopatch who wrote (5039)11/14/2001 7:28:41 PM
From: Joan Osland Graffius  Read Replies (2) of 33421
 
isopatch,

Some of these oil companies and drillers are not far away from where they were trading when oil was $10 in 1998. There was a throw up at the bottom when Wall Street started talking about $5 oil. We are starting to hear that OPEC is blowing up so maybe the institutional investor will act irrationally and sell at any price.

I have not bought yet, but I am watching things closely.

I notice the shorts are getting killed in the metals patch. <g>

Joan
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