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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?


To: Crimson Ghost who wrote (46720)6/21/1999 6:39:00 PM
From: BigBull  Read Replies (2) | Respond to of 95453
 
Well George, Gary has been pretty good with his Oil and OS calls, check that, darn good, so I'll probably wait till at least OSX 70 to initiate new purchases. I've noticed that Gary's E-Wave work on oil prices is almost spookily accurate. His calls on OSX have tended to err on the downside, but not by a great deal. My bet is that commodity futures tend to have "cleaner" price patterns, ie less factors for noise.

It will be hard for me to picture Asia and the rest of the world booming and oil prices staying down too long, therefore I am still extremely bullish on the whole energy sector, and will definitely be buying on this dip. I may avoid deep water stuff for now, and shift in to shallow water and land as they seem set to resume leadership off the correction. I'll be concentrating my buying in GLBL, HOFF, and PTEN, maybe OII if it gets cheap enough. I missed my brief one hour chance at OII 14.625, will try not to fall asleep at the switch this time.

Good going on WPJGX. I am discovering that maybe the best way to play Australia is BHP. The Aussie webs just don't move enough for me.