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: articwarrior who wrote (30459)	10/7/1998 2:51:00 PM
From: marc chatman	Read Replies (1) of 95453

<<At least at these levels you cannot go too far south with a good winter coming.>> Don't kid yourself. The market sentiment has taken all buyers out of the picture for now. Perhaps they will come back soon, perhaps not. In the meantime, this sector will get washed out again with the broad market as long as there are any sellers. It doesn't make much difference that these stocks have already gotten hammered. As for the winter, if this sector makes new lows, it will come much sooner than any winter effect (probably in a day or two). The only thing that can temporarily save this sector now is news relating to the crude supply.

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