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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: John Pitera who wrote (30605)2/26/2002 12:21:56 AM
From: isopatch  Read Replies (1) of 52237
 
Hi John. Thanks for the reply.

Was at at 80% cash myself a little over a week ago. And fully expected to stay that way awhile longer.

So, was surprised that I started getting buy signals in oil service and natural gas stocks last week. Made purchases in 7 different energy plays since then. Almost every one is nicely higher already.

Seems counter-intuitive with record NG inventories, Russia refusing to extend production curbs on oil beyond the end of March, one brokerage house downgrade after another and very negative sentiment on the sector.

But sometimes this is exactly the kind of extremely negative environment when a good rally will surprise everyone. And that's what been occuring.

Cheers,

Isopatch
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