Market Gems:Stocks w/Strong Earnings and High Tech. Rank Message Board

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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Jeff Sutton who wrote (3275)	10/13/1997 5:38:00 PM
From: Jeff Sutton	of 120523

More on oil sector ... Just saw a market wrap-up report on CNBC with a quote from the CEO of Rowan Co. (RDC), which reported record earnings today. The quote was along the lines of "this euphoria [in the oil sector] cannot continue". CNBC attributed the drop in many oil stocks today to this bearish statement. earnings report --> quote.yahoo.com I claim no great knowledge of this sector, but a statement like this is bound to have at least a slight chill on the market. I'm even half-toying with the idea of shorting one of these high fliers today. (That would offset the position I took in in TMAR just today !) After all, they've got to fall sometime, right? I'm posting this on this thread, because oil-sector stocks seem to be on so many watch lists posted here. Comments? P.S. I'm strictly an amateur in this game, so please take my comments with a large grain of salt.

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