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

To: Douglas V. Fant who wrote (49871)8/25/1999 7:01:00 PM
From: marc chatman  Read Replies (2) | Respond to of 95453
 
Douglas, I'm giving WFT the hairy eyeball. It's the only OS stock I regretted not buying more of 7 months ago. But the technical picture is looking sort of shaky, I think, with the 50 day ema turning down. Still has some work to do on the downside, I think. But I'm wondering if the stock is just retracing the run up, or if this is something more ominous.

Any chart experts -- have an opinion on WFT?



To: Douglas V. Fant who wrote (49871)8/25/1999 7:31:00 PM
From: Roebear  Read Replies (1) | Respond to of 95453
 
Douglas,
Perhaps the German budget pressures helped them decide to market time their oil sales from strategic reserve:

tampabayonline.net

I was beginning to feel like I was in the gold stocks just before the BOE sale!
Could you put a perspective on the German oil sales in relation to the recent drawdown in crude here in US, it seems like it would only help OPEC maintain the current production cuts, as mentioned previously.

Best Regards,

Roebear


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