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Strategies & Market Trends : 50% Gains Investing

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To: Mao II who wrote (2573)	1/12/1999 6:51:00 AM
From: Dale Baker	Read Replies (1) of 118717

I dumped enough money down the oil hole last year to put me off for a while. That said, the Street will probably stage a "recovery" like they did for semis well before the oil price or profits justifies a sector move. I would suggest you look at oil stocks' recent trading ranges and buy any breakouts to the upside. Personally I will wait until crude is at $15/bbl or so before I think about jumping on. The same concept applies - the world is awash in oil and short of bandwidth. Which is a better investment?

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