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: Elmer who wrote (27289)	8/7/1998 11:36:00 AM
From: Intel Trader	Read Replies (1) of 95453

Good question Elmer - buy now or not. Depends on your objectives and where your investments are now. Look at a few things in your situation ... a. do you currently own oilers and where. b. we had a recent dip in the mkts, I'd be more comfortable in buying big if we retested the lows. c. how would you feel getting in SLB now at 60 and watch it fall to 50 in the near term? d. ask: what is driving oil prices higher, other than some ANALysts say so. e. if you do decide to get in, get in in stages, ie dollar cost avg. buy some, then maybe buy more in a month. f. I don't think we saw capitulation yet, then again, we don't need it as a precursor to prices going up. g. re f, do you think that Saddam will cause more trouble? h. If you do buy, can you discipline yourself to cut any potential downtick at say 1/2 point from where you bought, ie can you watch all day long? I'm not comfortable in buying for overnight holds at all right now, but at the same time these upticks sure feel much better than how things were progressing. it I'm just going to watch. I'd appreciate your comments on a-h.

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