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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Gary Burton who wrote (38559)3/1/1999 10:55:00 AM
From: marc chatman  Read Replies (1) of 95453
 
Gary, your post was clear. You were definitely trying to drive down the price of GIFI for your own nefarious purposes. <g>

Actually, I thought for a minute I missed a post where you dissed GIFI. I only saw the post where you mentioned GIFI's favorable price-to-book ratio as compared to the even more favorable price-to-book ratio of some other OS stocks.

By the way, do you have a target for the OSX on the upside to signal the conclusion of the current short-term move down?

I'm still looking at the 50 day ema, which currently is just under 52, I believe.

FWIW, I'm of the opinion that the OPEC meeting will be a flop. The only way these guys can get anything done is if a few of the leaders get together in advance and come to an agreement -- just as SA, Mexico and Venezuela did last year. I haven't seen any evidence that the boys have done this or will do it. Of course, Venezuela can't have any credibility inside or outside OPEC. Even if OPEC should come to an agreement on more cuts, I figure the oil market may spike on the news before settling back into a "prove it to me" mode.

Having said that, I'm still quite long and bullish on OS and looking this month to add a few more choice names for the long haul -- WFT in particular.

I got a bit nervous when I saw RON hadn't traded today, until I discovered that the ticker had changed to CAM.
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