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To: oilbabe who wrote (47186)7/1/1999 10:02:00 AM
From: Big Dog  Read Replies (1) | Respond to of 95453
 
$20 Oil has a nice ring to it. Looks like it's coming, but how long will it stay...?

You know, I bet the selling in RIG yesterday, and especially near the close, was mutual funds having to dump the stock by end of quarter due to the Cayman registration thing. If so, RIG should start doing better in the next days with that selling pressure removed.

big
atoffshore.com



To: oilbabe who wrote (47186)7/1/1999 12:07:00 PM
From: Crimson Ghost  Read Replies (2) | Respond to of 95453
 
OILBABE:

I commented yesterday that the OSX did not do that well in view of the surge in crude. So today's pullback does not surprise me. Too early to chase strong rallies in OS, but those who buy the dips without getting carried away by ultrabearish downside projections will do very well.


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