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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: BigBull who wrote (35664)1/22/1999 3:03:00 PM
From: Big Dog  Read Replies (1) of 95453
 
BigBull -- The DogFather may not be a good subject for an interview if higher stock prices are what you are looking for. I see an industry still in decline. I do not have an optimistic view (except for FGI) until oil prices move higher on a sustained basis.

My suggestion for now is to buy the dips and sell the strength (if/when any).

The catch, of course, is that stock prices will move higher along with oil prices and once momentum gains hold the stock prices will jump ahead based on nothing to do with business fundamentals.

By the way...It can't be Lowes offering for the DO bonds. They already own a ton of DO. (May be majority, I don't know.) However, it would be a good buy for them...or anyone else at such a price.

big
loosbrock.com
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