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: SJS who wrote (33449)	12/23/1998 3:39:00 PM
From: SliderOnTheBlack	Read Replies (2) of 95453

What better case for an actual bottom has EVER been made ? Tell me what fundamental or technical or news/world events could there possibly be that the OSX hasn't endured in the last 90 days to show that this triple bottom is not a basing of support and a good case for the ultimate bottom ? Total market crash & sell off Russia, Brazil & Japan at historic crisis points marketwise The President gets impeached We go to War/Iraq Oil falls to historic low The CRB index falls to historic 27 year low Biggest one year Cap Ex Budget cuts by the Oil Majors in history Everyone in the world has downgraded the Oilpatch Lowest rated individual Sector in the market Massive tax loss selling A technical ''triple bottom'' ....and on & on.... If this isn't a case for THE bottom; there has never been one in any sector, in any market, in the history of modern markets ! We all know that when there is positive demand or strong fundamentals the OSX will all ready be 75 +.... can't have good fundamentals (demand/crude prices) and cheap stock prices simultaneously ! One has to pick a bottom or rather a value point that they are comfortable with; as evidenced th the two prior 50%+ run ups in the last 90 days without fundamentals - what would happen if fundamentals were actually positive ? Gotta buy here in ANTICIPATION of the tide turning imho.... I don't need any more ''signs''... the above list makes me comfortable buying into ANY weakness in my ''watch list'' of companies.

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