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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Ms. X who wrote (9063)1/21/1998 5:20:00 PM
From: Big Dog  Read Replies (2) of 95453
 
Hey PF -- I have to make a small comment re your last post. Your last post was:

>>In 1995 the sector was below 30% reversed up in February and reached 82% in May 1996. Nice one year run on the sector. March of 1997 it was down to 46% and reversed up to 80% by October 1997. October 1997 to current it reversed down to 14%. I can only give you an historical picture. Looks like about 1 year cycles, do you agree ole buddy, ole pal?<<

One thing that is not being considered is the actual business of these companies. None of these reversals would have taken place unless oil companies started hiring more rigs and paying higher prices. None. These stocks would still be in single digits.

So be careful just looking at the forest and not seeing if there are any tall trees.
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