SI
SI
discoversearch

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 ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: SJS who wrote (27004)8/4/1998 3:01:00 PM
From: Czechsinthemail  Read Replies (2) of 95453
 
I thought I'd drop back in to say hi and see how people are surviving. I've been away for awhile and simply couldn't stay up with the volume of posts on this thread. Though things seem to have been pretty grim in this sector, I think we may be getting glimmers of divergence between oil prices and stock prices that make buying look more attractive than it has for some time. The problem is being in a negative sentiment sector during a negative sentiment time in the market. Despite oil-related stocks being heavily oversold, they remain candidates for unloading as investors panic and want to exit. That is compounded as more investors face margin calls and have to sell what they would prefer to hold. But if we are having a divergence where oil prices are relatively strong compared to the performance of oil service and drilling companies, we may be close to the point where we see renewed buying in anticipation of stronger business going forward.

That being said, so far the announcement of Ralph Acampora's bear call has marked the low for today's trading.

My experiences in this sector have been very humbling, so my condolences and best wishes go out to all the long-suffering investors on this thread.

Good luck,
Baird
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News