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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: DavidG who wrote (35826)1/26/1999 10:57:00 AM
From: SliderOnTheBlack  Read Replies (4) of 95453
 
A great time to let these stocks ''come to you'' - use limit orders...

I do not see any fundamentals for ''new lows.'' I do see a basing mode here on moderate volume. maybe - 10% yet in some stocks. I am personally anticipating some Mutual Fund Managers dumping Energy Stocks here at month end - window dressing at EOM and end of Quarter, when the sector is underperforming is a great time to pick up some buys. We have moderate to low volume here; a couple of stocks upgrades - selling into this as expected; so buy the dips.

I like EVER sub $15, PGO sub $14, VTS sub $13 ,FGI @ $10, RIG in the $25's, RON in the $24's, WFT $18 & under... great time imho; to set limit buy orders and try to catch some intra-day lows through month end...fwiw.

DOE sec Richardson isn't going to Saudi for his health either <VBG>. I think low oil prices are positive for anti-inflationary policy; but are dangerously teetering on crashing Oil dependant economies Globally - big time arm twisting coming soon; hence - I am buying on any major dips - but; not across the board; just my ''target'' companies.

I like RIG SDC PGO VTS CXIPY SCSWF FGI GLBL VRC EVER EGAS PETD & PZE on any substantial dips from here.
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