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: Gottfried who wrote (33078)	12/18/1998 8:26:00 AM
From: SliderOnTheBlack	Read Replies (2) of 95453

Gottfried; your post ''hammers'' home a major point - not to be forgotten... If that lesson from November 1997 is not a ''classic'' nothing is... We are seeing the ''flipside'' here... Buy when they are yelling ''sell''; and sell when they are yelling ''buy.'' No more proven technique exists imho... Illegal - no; but as so often seen on CNBC etc.; the talking heads, pundits and scribes - often are nothing more than conduits for a very select few market movers. The degree of ''unison'' in which seemingly the entire Street bought and then sold in unison; completely out of the blue - on the prior two run ups; is the endorsement of literally using the general tone on the street as a pure contrarian indicator. Never have I been so comfortably confident with buying the oilpatch. Another, little spoken to point of primary interest is - Watch the International Big Oil's as a ''real-world'' barometer on the future of the Oilpaatch. When they start tanking... then the gloom & doom may be a reality; but not before... Buy, buy now, buy big; but buy the best of the best imho; RIG DO RON WFT RDC SDC FGI VRC GLBL NOI and especially the high-tech/niche leaders like CXIPY SCSWF CDIS CLB PGO & VTS... and FLC for the risk oriented/high leverage proxy. The strong companies are here to stay and are at fabulous value levels here. In my opinion; the next 2 weeks are the end of bargain basement sale days... What more could there be to endure than an International Financial crisis (Russia, Brazil, Japan, LTC etc.), a total market crash, sub $10 Brent, a Presidential Impeachment and a Middle East War... if all ''the bad news'' is not wrung out here; I don't know when it will be...?

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next