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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Crimson Ghost who wrote (32263)11/30/1998 2:25:00 PM
From: waverider  Read Replies (1) of 95453
 
The message is clear. Oil has been dropping since October 97. There is currently NO end in sight. The market is telling us that $10 oil is coming sooner rather than later.

Be careful loading up on this THIRD bloodletting this year. Ask yourself what are the prospects of making money here. With the market action of late, I would think pretty slim.

Good luck.

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