Strictly: Drilling and oil-field services Message Board

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

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To: MARK BARGER who wrote (42002)	4/10/1999 10:58:00 AM
From: Richard D	Read Replies (1) of 95453

Sector rotation, Mark, Compaq warned after the bell that it would miss earnings significantly, suggesting a glut of personal computers. "Not far away" may be in pre-market trading on Monday! Of course how it will hit the overall market is anyone's guess, though I suspect the OSX will march to its own drummer as it has for the past year. The short term through long term views flash green to me for oil strength. Asia is on the mend, the U.S. economy (the biggest oil consumer of course) is humming along, production is curtailed (with many permanent closings of marginal wells), and hopefully we've seen the last of Mr. El Nino. Earnings will be weak this coming quarter, but anyone with a little foresight can see the tide a turnin'. Richard

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