Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: Frank Pembleton who wrote (24948)	1/7/2003 10:17:52 AM
From: isopatch	Read Replies (1) of 36161

Frank. If my LT call on the gassers is right the commodity hit a cyclical low the middle of last summer. Factoring in the usual 3-6 month lag, the small caps I focus on are very early in primary wave 1 of a cyclical bull market. Per an earlier post, 1st wave environments are fraught with doubt, skepticism and disbelief with very few taking sizable positions. That will have to wait for wave 3 which is often called the recognition wave. Sentiment contrast is easy to see if we look at the golds which 3 about 5-6 weeks ago. Earliest we could see analogous environment for NG stocks would be this summer, perhaps not till late in the year. Just have to wait and see. Every sector marches to it's own time table. ot/What were you up to in you multi-month absence from SD II? Any new component inventions for drill strings or other equipment changes coming out of your shop? House shopping yet?:) Isopatch

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