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: Broken_Clock who wrote (44215)	5/6/1999 5:42:00 PM
From: MARK BARGER	Read Replies (1) of 95453

Do you actually think the stock price will wait to rise until the earnings pick up in the last 2 quarters? IMO this sector is still oversold. Shorting or buying puts is breaking the cardinal rule of "don't fight the tape". Are you putting just because you feel that SII is short term overbought? Only a 1000 pt. Dow fall off could hold this oil bull back IMO. Of course a 1000 pt. blow off in this boated market wouldn't surprise me either. Also IMO interest rates have bottomed out just like oil prices, except to a much less severe degree. But, i think rates will slowly rise over the rest of the year, just like oil prices. Good luck Papaya King, but I would rather be long oil stocks right now. Mark

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