Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: Ditchdigger who wrote (16953)	10/12/1999 7:53:00 PM
From: Sergio H	Read Replies (2) \| Respond to of 29382

DD, here's what I'm looking at on the technical profile. It looks to me like simple rotation as gold and oil stocks are bouncing off the different sides of the Bollinger bands. Gold bounced off the top: timely.com Natural gas off the bottom: timely.com GLBL and its sector, off the bottom: timely.com timely.com Sergio

To: Ditchdigger who wrote (16953)	10/12/1999 7:54:00 PM
From: lostmymoney	Read Replies (2) \| Respond to of 29382

DD interesting reading: <oil and gas are in the infancy of a bull market> I recommend reading "Suppose you're OPEC" by Deafwhale on the Yahoo Pride Petroleum (PDE on NYSE) thread (message # 2665). I believe this is the address: post.messages.yahoo.com. It would seem to be hard to deny that OPEC can control the world price of oil, since a mere 2 or 3 million barrels/day either way can make such a difference in the price. DeafWhale's thinking about what OPEC's course of action will be seems to me to make sense--relatively short term price spikes to grab a little extra cash, followed by enough drop in the price to keep the majors and the cash-poor little guys from investing more in exploration, followed by another short term price spike to grab some more cash, and so on . . . . . And during those price spikes give enough indications of OPEC cheating to keep others from taking OPEC's self-discipline for granted--so you can prolong the price spike longer without inducing others to increase exploration and development. OPEC ministers are no dummies, nor are they philanthropists. The course of action described by DeafWhale would enable OPEC to have the best of both worlds--maximizing profits while limiting the competition. On a different tack, I hope your reading of the UP charts is on the money. Thanks for keeping us updated on the technical aspects.