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Non-Tech : Invest / LTD

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To: Lucretius who wrote (6970)1/29/1999 12:29:00 PM
From: MARK BARGER  Read Replies (2) of 14427
 
LT, my comments were tongue in cheek! This market continues to amaze!
I am piling back into oil service. The OSX has been beaten to a bloddy pulp. There are no buyers right now, it seems everyone wants the high flyers these days.

As far as your call for a crash, I don't know. But, I do know there are a lot of stocks that could easily take a 50% haircut and still be overbought. I think the OSX will EASILY be a double by the end of the year. No way oil stays at these levels for 9 more months. The OPEC countries are in a world of hurt at these levels.

My fav. FGI is at $10 now and is looking to earn $1.80 in 1999, up from $1.40 in '98.

I feel like you, I hate this market now. It makes no sense to me whatsoever.

Mark
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