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: marc chatman who wrote (28354)	8/26/1998 8:20:00 AM
From: SliderOnTheBlack	Read Replies (2) of 95453

marc; I think that people will shy from Oil sector/energy funds and we are seeing a redemption run on them. The next buying surge imho; will be from value funds & small cap funds buying most of our companies who fall under that $1 Billion market cap level. Maria B/CNBC just told the world that the low lease $ from the GOM will lead to further weakness in the sector & alluded to the continued downgrades of the sector & crude price expectations... ***Have we learned here yet; to sell when they say Buy or upgrade; and to Buy when they say Sell/ or downgrade ! We may even see a surprisingly flat or slightly up day after the open as the Big Money is ususally buying in scenarios like this...

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