Strictly: Drilling and oil-field services Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Strictly: Drilling and oil-field services

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: RGinPG who wrote (32353)	12/2/1998 1:14:00 PM
From: Crimson Ghost	Read Replies (1) of 95453

The real risk of bankruptcy for some is a good reason to buy only the strongest players when the technicals turn up. Charles Maxwell has a big following and when he talks about $8 oil a lot of institutions will believe him. BTW, I really do believe this is the final shakeout. But absent some dramatic moves to hike oil prices, I look for just a modest rally once the lows are in followed by an extended base building period. Moves coming off a major base are much more reliable than V bottoms. Experience shows that sharp rallies off V bottoms in this sector are extremely risky to chase.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next