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: SliderOnTheBlack who wrote (43868)	5/4/1999 10:43:00 AM
From: Brent Hogenson	Read Replies (3) of 95453

<<Compliance is already a known fact for the initial period here. How many times has the Street sold off into a ''Good News'' event ?>> I remember back in the middle of March you said an OPEC cut was already factored into the valuations of the OSX. I don't remember Oil being @ $18.84 during the last 5 failed rallies. One day Slider these stocks are going to go up and keep going up. And that day might be today. Do you remember last May to July when the stocks just went down day after day? I recall reading from one of your post, "The market drops 5% and people say that we're in a bear market. When the OSX drops 5%, we call that a rally." FWIW I believe in your theory about these E&P companies, I just can't buy penny stocks. One of William O'Neal's 18 rules don't buy stocks under $5. "Institutions will not buy these stocks, so you have a much poorer following and support. Institutional sponsorship is one of the ingredients needed to help propel a stock higher in price" No liquidity and most analysts don't follow these stocks. How do you know what you're buying?

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