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: Amelia Carhartt who wrote (24111)	6/15/1998 10:04:00 AM
From: waverider	Read Replies (1) of 95453

My God you guys, now a new high list? Last time I did that, it was the top of a head fake and we headed lower...looks the same this time. Folks, oil is breaking down below key supports. We are going to be breaking below the old lows in our stocks. It will take months, if not an entire year to burn up all that excess oil. OUR OWN companies said they would be having big problems if oil dropped below $15 for an extended time. HELLO! On top of all this we have a major market correction under way. I have never seen the A/D line this bad. Preservation of capital friends. <H> Coming back for a visit...now I shall go away 'till next week. Hopefully this will all be over by then.

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