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: Richard D who wrote (27047)	8/5/1998 1:01:00 PM
From: Snowshoe	Read Replies (1) of 95453

>>It is possible for the OSX to rally in spite of the API numbers and oil. Semi's have often rallied though DRAM book-to-bill ratios looked bleak.<< Richard, don't the semi-equipment makers usually rally several months after the semis during a cyclical downturn? Am I wrong in thinking that the OSX sky will keep falling until XOI firms up? As I predicted weeks ago, XOI is now testing its January low. XOI has an intra-day low of 410.94 today, pretty close to its 52-week low of 408.56. Here's the two-year chart... tscn.com -Chicken Little P.S. OSX down another 2.44% today...

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