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Strategies & Market Trends : APMP (formerly APM)

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To: Wall Street Jr who wrote (10823)4/21/1998 4:59:00 PM
From: Rudy  Read Replies (1) of 13456
 
Oil Service trend for small guys are starting!!!

Look at today's updates. A lot of oil service/drilling stocks were upgraded or initiated with big BUY recommendations. I looked at the charts of 80+ companies in the sector. More than half of them are already 40-50% above their bottoms which happened December-January.
Big guys downplayed the sector, cooled it down while collecting shares hush hush. Now they are ready for the big run, loaded with the cheap shares. Expect them to talk more and more about the greatness, profitibility, etc etc. of oil service companies. You'll hear it everyday until the last sucker on the street picks the last shares on the top. I don't know when would that happen but there will be another big oil rush on the street. Watch it guys! Close to the end of this year small investors could be rotating from tech to oil while big guys would be doing the reverse.

Good luck.
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