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: The Ox who wrote (24961)	6/29/1998 11:27:00 PM
From: wolfdog2	Read Replies (2) of 95453

Michael, no question the slant on this thread is bullish. But I also think that most of the people on this board are too savvy to be shorting oil stocks carte blanche at this point. Sure, there may be a few good shorts among the group, but the overall sentiment on WS towards this group has been bearish. After a major decline, with downgrades by major houses, shorting doesn't make much sense. We may not have made the bottom in the oils, but we're damn close, in price if not in time. There are much better areas to be short than the oils at this point.

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