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Politics : Ask Michael Burke

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To: Michael C Quesnel who wrote (29301)6/24/1998 11:41:00 AM
From: MoneyPenny  Read Replies (1) of 132070
 
Message 4993194

from strictly drillers thread where everyone is the most bearish ever. Any move up leads to more selling so it may take a while. Tech analysis doesn't help much nor value approaches when dealing with oil. I think some value fund managers are starting to buy and the huge negative sentiment with people in the "bidness" may signal a turnaround at soon, but it is too scary for me. There are lots of dead and wounded who have left the Strictly Drillers group. Too much international politics and intrigue to try to divine. Sharon
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