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: RGinPG who wrote (24157)	6/15/1998 5:18:00 PM
From: Redman	Read Replies (2) of 95453

One thought is that there is really no where safe to put your money right now. Virtually every sector is still at pretty lofty levels, except for the energy sector. We are close to bottom here and the buying will start to come in as managers stop worrying about making money, and start worrying about not losing money. If you recall, last time people were talking about 9 and 10 dollar oil, we go a shot in the arm with OPEC to over $15. It can happen again. Analyst do not know shit, period !! They are always upgrading after a rise or downgrading after a fall. They can study the numbers all they want, but none go out on a limb anymore. green

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