SI
SI
discoversearch

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


To: Gary Burton who wrote (53860)11/2/1999 11:13:00 AM
From: Harold S.  Read Replies (3) | Respond to of 95453
 
LOL lol..THANKS FOR THE LAUGH GARY!!! You sound more like a weather forecaster every day!!



To: Gary Burton who wrote (53860)11/2/1999 12:12:00 PM
From: Captain James T. Kirk  Read Replies (1) | Respond to of 95453
 
Hey Gary, next time shut the micro-wave door!! You must have had your microwave too close to your computer. The micro-waves and E-waves are starting to mix. Wink-wink.



To: Gary Burton who wrote (53860)11/2/1999 12:19:00 PM
From: BigBull  Read Replies (1) | Respond to of 95453
 
Gary, the one thing that sticks in my craw these days about oil, are all these OPEC guys running around telling each other not to cheat. Almost sounds like they are running scared. So who could it be?

Saudi - not likely.
Kuwait - Ditto.
Indonesia - never complied in the first place.
Venezuela - Maybe a little.
Nigeria - Maybe in early Oct. but it seems as though the violence is halting a lot shipments.
Iran - Bingo!

Iran is my candidate for "cheater of the month". <g>

This is the only fly I currently see in "inordinately bullish" scenario for oil. <g>

We'll know alot over the next week, starting with API's tonight. For now, I still hold to my view that OSX is putting in a bottom.



To: Gary Burton who wrote (53860)11/2/1999 12:19:00 PM
From: Crimson Ghost  Read Replies (1) | Respond to of 95453
 
Let me repeat a point I made recently. Oil stocks almost always underperform in the early stages of strong stock market rallies. In fact the feeling that oil has peaked is a key reason why bonds and the rest of the market are rallying.

Oils are a great place to be towards the end of a broad stock market rally. But not at the beginning in most cases.



To: Gary Burton who wrote (53860)11/2/1999 5:07:00 PM
From: marc chatman  Read Replies (1) | Respond to of 95453
 
Just thinking out loud here, Gary --

I see a possibility that the B wave of this correction topped out last Monday above 77, with the C wave beginning at that point. Wave 1 of C bottomed last Thursday, and Wave 2 of C topped out yesterday. By that count, we would be in Wave 3 of C, which probably takes the OSX sub-70, to be followed by a blip up and a final wave down possibly to test the October low (although I think the last wave falls short of that low and bottoms around 67).

Other than the last point, is that where you see the OSX waves now?