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: Broken_Clock who wrote (17248)	3/30/1998 9:46:00 PM
From: Lucretius	Read Replies (1) of 95453

You guys make me giggle. Oil doesn't have to go up every day for the drillers to do well. Oil must only stabilize. It has. Oil will be heading up slowly as the yr goes on and demand catches up w/ supply. Check the futures, notice how the K's get higher as you go out. May Oil is down .20 in overnight trading and everyone throws in the towel.-- LOL!! We're headed up from here kids. Not in a straight line mind you, but up! I do not see us retesting lows. But if you are fearful, dump your stock or sell your calls. Nobody ever made a dime w/out taking a little risk. Like I've been saying, (funny how it has come to be true): you will never know when the turn occurs and when it does some will disbelieve it all the way to new highs, claiming "no this is a fake rally, we're headed back down." Nobody is going to slap you in the face and say, "hey buddy, your drillers are headed up from here." Good luck! -Lucretius

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