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: SliderOnTheBlack who wrote (35031)	1/13/1999 7:26:00 PM
From: SliderOnTheBlack	Read Replies (1) of 95453

Any buying targets out here ? Get ready for February ! Laying in the weeds here for more FGI sub $11 - or on any further dips (surprise, surprise), RON, re-enter sub $26 - want it @ $24ish or RIG, CXIPY sub $33 and SCSWF sub $7 1/2 ... EVER sub $17/18 Keep trading them - I'm trying to catch the middle 2/3rds of the moves here, getting in early, but out early as well. Allways putting a few shares aside at these prices; but manly ''trading'' as we enter our Quadruple Bottom test here <VBG>... take what the street gives you. If OPEC announces further cuts in their meeting (maybe resch for Feb ?) you've gotta be ''in'' here if they announce cuts - or the move will blow by you... IF we catch an OPEC ''spike'' along with positive IEA/API numbers - then it could turn into a real leg; up to OSX 85 ish imho. I feel the Street will short & shakeout here through month end; then re-enter at OSX 45-48 again, so buy individual stocks on the dips, as we're trending down again. I think the Street will be back in; irregardles of Crude prices close to month end - as OPEC is talking about an early Feb. meeting; plus February IEA/API numbers won't show this end of year number irregularity/volatily due to refiner's year end practices. Combining the last 2 months numbers; not that bad suply-wise; remember these #'s are delayed... For you Big Oil fans; ARCO on dips here could be very interesting. ARCO submitting proposal to the Saudi's -- ARCO a takeout play ? 4.43% dividend; nearing 52 week low and this news: bloomberg.com good luck; ... if these iNet stocks would just do another 1 week rocket shot here; I promise I'm out and will put all the cash back into ''real stocks'' <VBG>.

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