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To: Nello Filippone who wrote (55603)11/29/1999 3:07:00 PM
From: ItsAllCyclical  Read Replies (1) | Respond to of 95453
 
Nello (APA is a gift). I agree, but that doesn't mean that it can't go lower...

I already have positions here in many of the large cap E&P's otherwise I'd be buying like crazy. I don't think we've reached the levels yet where I can double down. Waiting to see how APA acts today and tomorrow.

When SLB broke it's 200 dma it look more than 1 day for it to bounce back. More like 2 weeks. We'll see what happens to APA. Today it'll probably close below it's 200 dma for the first time since (March) the time this rally in oil stocks started for the most part.

timely.com

Bottom in APA around 31-32? Will be seen tomorrow imho. Prepare for a great buying op.