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 (22137)	5/15/1998 7:11:00 PM
From: RGinPG	Read Replies (2) of 95453

I would just like to repost from May 8th: The OSX may fall close to previous lows (112) on this down cycle (worse case scenario IMO), but none of the fundamentals have changed, except that all the bad news is out, $12 oil fears are just a memory, and the sector is becoming less and less out of favor. During this dip I'm sure we will get a lot of "end of the world" scenarios, just like we did during the last 4 dips (that eventually yielded to a 30% gain in the OSX). I must still hold to this theory, as the OSX is behaving fairly predictably according to the stochastics. This dip is no different than the others, and I will use it as another buying opportunity (just as May 11th was a selling opportunity Message 4407491 )

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