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Strategies & Market Trends : Three Amigos Stock Thread

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To: Phil Jacobson who wrote (8895)	9/19/1998 2:02:00 PM
From: LTK007	Read Replies (1) of 29382

Phil my EEK! regards Shell is that I bought 5 oils last week and was applauding my "brilliant analysis"(LOL) and feeling smug and on first checking what crude was doing saw it was doing very nicely,and then checked to see how much my oil stocks had gained only to see 4 were down---I spent several hours putting it together,and intraday charts bear me out---from reading other posts Joe K. and Maria B. before the bell were highlighting the Shell press release--with Joe pronouncing the price of oil will remain depressed for 3 years---the sell-off all occured in the first hour---a lot of whom probably watch CNBC-- it is incredible the impact of the media---I do agree that Shell are themselves clueless regards the future price of oil and were using this to cover there own internal problems and give a reason for shutting down certain operations--still feeling O.K about this investment--but tempted to step out on a pop,if one occurs this week-- hoping the Shell brouhaha be dead news by Monday---T.S. Hermine now off Lousiana and category 4 Hurricane Georges moving fast--plus the Middle-East and La NiN^a,plus OPEC getting desperate---well we will see.Good Luck,Max

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