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Strategies & Market Trends : Value Investing
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To: Paul Senior who wrote (19984)10/30/2004 6:53:41 AM
From: John Carragher  Read Replies (1) of 78661
 
i sold my omi a few weeks ago.. very early i assume but wanted to take profits in oil related services. My concern is there is plenty of supply in system or about to come on stream. Prices will need to come down for demand to pick up. imo.. oil has always been the peak and vally for decades. I believe we are at the peak again. but then this maybe the time there is no valley.. but t. boon pickens is back betting his life on oil at $65 before $45 a barrel and he has been wrong every time.
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