Strictly: Drilling and oil-field services Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Strictly: Drilling and oil-field services

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Gameboy who wrote (26905)	8/3/1998 7:23:00 PM
From: Crimson Ghost	Read Replies (1) of 95453

Gameboy: Well the OSX fell another 3%+ today as oil prices again hit the skids.This is a very leveraged business -- profits surge when activity is rising, but collapse when activity is going down. Best to remember that these stocks are still way above their 1995 levels, even though oil prices are well below 1995 levels. It does look like a decent bounce is getting close though. But risky to stay long too long at this juncture. These stocks always come back strong once a new upcycle begins. But premature bulls must pay the penalty of heavy losses for awhile.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next