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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: The Perfect Hedge who wrote (12428)2/22/1998 4:34:00 PM
From: Lucretius  Read Replies (1) of 95453
 
Glen, most of this is already in the mkt. We may see a slight selloff on Mon as uninformed players exit thinking it is over. Anybody buying these stocks over the last few weeks was not doing so assuming there would be an attack on Iraq that dramatically changed the s-t oversupply of crude. the increase in Iraq's production was also known weeks ago. You may see a slight selloff early in the morning, but we'll roar back when those shares are snatched up. this is a L-T slam dunk type of play. You don't have to be a rocket scientist to know that these stocks are only going higher.

-Lucretius
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