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To: Captain James T. Kirk who wrote (46962)6/25/1999 10:47:00 PM
From: Big Dog  Read Replies (2) | Respond to of 95453
 
The Dog Remindeth -- As long as oil is 18+, things are going to get better. Every day of 18+ brings the sector closer to $$$.

big
atoffshore.com



To: Captain James T. Kirk who wrote (46962)6/26/1999 8:50:00 AM
From: Gary Burton  Read Replies (1) | Respond to of 95453
 
Jim--OSX sinking for 2 reasons--one technical (I keep saying FA is irrelevant-vbg) and the other the Rate Rise killing off the economy thing. Oils are notoriously the last to rise in a bull market so u have 'maybe the rally from March was it' type of thinking... When a wave structure needs to go down, it goes down regardless of FA type of reasoning ( everyone knows this reasoning anyway so no value added at the margin). OSX drop an excellant example. Some would say watch the tape rather than watch the oilprice (g)



To: Captain James T. Kirk who wrote (46962)6/26/1999 8:55:00 AM
From: Crimson Ghost  Read Replies (1) | Respond to of 95453
 
My take is that we are sinking simply because the OSX rallied too far too fast given the fact the oil companies will be slow to hike capital outlays even with crude at $18. I have already started moving back into the sector and will do so more aggressively if OSX breaks 70. The long-term bull case remains intact and I look for the OSX to make new all times highs within the next 12-15 months.