SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Strictly: Drilling II
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: longdong_63 who wrote (20764)10/28/2002 2:01:12 AM
From: nspolar  Read Replies (1) of 36161
 
No problem agreeing with nasty. I've been flexible there for some time, and I believe I was the 1st on this board to get interested (too early). But nasty has a lot of backing and filling to do, and if it doesn't get it I won't count that as a positive.

On another issue I just finished looking at some big oil charts. They look really weak to me, as does the XOI. In fact I ponder if they are not getting ready for a somewhat prolonged fall. Could a large drop in crude be in the works?

My EW of the XOI makes me wonder if it hasn't started a major wave down, somewhat out of sync with the DOW and S&P. Lots of conundrums in this market.

finance.yahoo.com^XOI&d=c&k=c1&a=v&p=s&t=2y&l=on&z=m&q=l

If 400 or there abouts falls, this thing could go a long ways. I do believe this would be ever so positive for Nasty. Just like old times. Cheap oil, cheap money from Greenjeans, what more could Nasty want to put in a good correction?

finance.yahoo.com^XOI&d=c&k=c1&a=v&p=s&t=my&l=on&z=m&q=l

If it does fall what kind of disjointed effect will it have on OSX and XNG?

I also find it hard to figure out big oil. They've been beneficiaries of a gift re the price of crude for some time, have merged and merged and cut and cut to reduce expenditures, and yet their earnings are much less than impressive. I have wondered if parts of their industry are permanently going in the crapper, kind of like steel did.

In any event not many large cappers are of interest to me these days.

Now since I brought this up, watch these unpredictable cyclicals turn.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News