Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: ViperChick Secret Agent 006.9 who wrote (13720)	3/5/1998 12:22:00 PM
From: Ms. X	Read Replies (1) of 95453

Lisa, The reversal in the oils services about two weeks ago was just a breather and was the same as a reversal in a stock. It didn't break bottoms just presented a good buying opp. It reversed at 40% which is still a low level. If the sector had reversed over the 60% level we would have been worried. Under 50% and we see it as a buy opp. Oil services has since reversed back up and looks great. Oil and oils service is the buy. I've been talking endlessly over on the P&F thread that this is the time of year for oil and oil service wich conversely means it is a horrible time for airlines. Tom has been bullish on oil and oil service since the sector reversed at 22%. At that time, everyone thought I was crazy for stating it was time to buy the sector but everyone seems happy now. I'm in and holding. Sector back up to 40%+. Things look great. Jan

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