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: Erwin who wrote (15917)	3/22/1998 8:15:00 PM
From: SJS	Read Replies (1) of 95453

Erwin, There is risk in shorting the airlines, HOWEVER, most of the recent push ("icing") is not intrinsic. It's a direct result of the much publicized (hyped) inverse relationship of oil's downfall. Therefore, for the mo-mo risk taker, a ST short of airlines while oil basks agains in the limelight of the production re-arrangment might enable some money to be made. Someone recently said that airlines have made great strides in their efficiency, much like the drilling business. I think that their downturn will not be severe, but will occur. I would short them, but don't know the sector very well. I don't think I can short a sector fund, but may do so with the index. The fun part of this is we can say tomorrow, "I told you so!". Let's see what happens. It can cost nothing to just predict and watch for the outcome. I'm looking for forward to basking in the potential limelight of oil's returns to stronger days.

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