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: Ahmed Elneweihi who wrote (43500)	4/29/1999 12:56:00 PM
From: Douglas V. Fant	Read Replies (1) of 95453

Ahmed, Agreed- bull market in energy sector now building. I want to repeat something that I said before and which fits your suggestion of a "buy and hold" strategy for at least part of your energy/OS holdings. Energy stocks are not like tech stocks. Tech stocks are like jackrabbits and move rapidly up- and downward in price. Energy stocks are more like elephants. They move a whole lot slower up- and downward, but once that elephant builds some momentum, that trend can go on for years.... Go back to 1859 and the start of the petroleum age and you can see that up- and downtrends go generally for 5-10 year cycles. That historical fact fits Ahmed's recommendation..... Sincerely, Doug F.

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