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To: SliderOnTheBlack who wrote (53884)11/2/1999 4:33:00 PM
From: The Ox  Read Replies (2) | Respond to of 95453
 
I added SII to my Long term Oil Portfolio today. Missed the bottom but got some in the mid 34s. I know I might be a bit early but the price appears to this investor to be a good initial entry point.

I don't know about that many rate hikes in a row. I bet the president and his buddies on the hill will start crowing loudly if this happens during an election year. Seems overly bearish view. I think we'll see another rate hike but I'm not sure we need to stomp on the (EDIT:) brakes (Freudian slip? breaks) at this stage.

JMO,
Michael



To: SliderOnTheBlack who wrote (53884)11/2/1999 4:55:00 PM
From: Crimson Ghost  Respond to of 95453
 
Crude up a bit on access. So I guess the API numbers were better than expected.

But I doubt that today's OSX drop was mainly API related. FLC's poor earnings seems to have been the catalyst.


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