Big Dog's Boom Boom Room Message Board

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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: profile_14 who wrote (120165)	4/27/2009 1:45:43 PM
From: GREENLAW4-7	Read Replies (2) of 206254

Looks like many chasers lately in this market. OSX recently hitting another high level and still many believe OSX will see those 08 levels. What so many in the patch don't know is where this sector traded back in 97-99 and we were not in a bear market or a recession. I am surprised but not shocked at recent moves in market and OSX. Inregards to XOM and UNG I agree I believe Nat Gas turns before market, and I also believe XOM has to settle in 40's if not 30'a if we are truely going to bottom out in the energy complex. The last time I looked I thought we were in the midst of the worst down turn in the economy since the great depression. The way the market has sucked up to this level you wonder what most believe. Is the market Cheap or on verge of getting much cheaper?

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