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Strategies & Market Trends : Point and Figure Charting

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To: KM who wrote (4567)	7/9/1998 5:56:00 PM
From: Al Serrao	Read Replies (1) of 34811

Truffulette, few sectors are as exciting for traders as the oil service sector. High batas and high profitability. Right now the deep water oil drillers are enjoying very high lease rates which are locked in for the next 3-4 years. The drop in oil prices will not effect their earnings meanwhile their stock prices have dropped creating value. The real question now is, how long will oil stay this low? The minute oil begins to move up to 16-18 a barrel and stay there for a few months , this sector will fly. This sector is very much like the semi's, moves very fast and makes a lot of money for traders. Beauty is the eye of the beholder.

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