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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Gameboy who wrote (32499)12/6/1998 9:23:00 AM
From: sand wedge  Read Replies (2) of 95453
 
With the weather hitting 72 degrees yesterday in the NYC metro area, it's little wonder why no one is touching oil right now. I suspect, at these prices, the first time the street wunderkinds have to don their Armani overcoats, we will see a pop in this sector. I'm not saying we will see a significant move, just some renewed interest in some very cheap stocks.

Playing golf yesterday with several guys from HAL, BHI and some majors, the general perspective is bleak in the very short term but positive that it isn't going to get much worse. The general attitude was that if your investment strategy is the long term, these prices are very attractive. I am cautiously optimistic.

FWIW
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