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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Fredman who wrote (41806)4/7/1999 7:52:00 PM
From: Crimson Ghost  Read Replies (2) of 95453
 
Fred: "OSX to go flat for awhile"

My sentiments exactly. Could go a bit lower, but the decline probably is mostly over now. But OSX will not rebound in a major way until earnings season is over and people can see how well OPEC is complying. But once earnings season is done and assuming good OPEC compliance, we should get another powerful rally in late spring. Could well hit 80-85.

Of course that probably will be followed by another sharp correction in July. This sector is just too volatile for a long-term investment approach. As Slider says you have to trade or risk seeing the bulk of your profits vanish in a few days.
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