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.

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

To: Terry D who wrote (55663)	11/30/1999 10:34:00 AM
From: SliderOnTheBlack	Read Replies (2) \| Respond to of 95453

Watch for short covering and a nice intra-day reversal. Looks, acts, walks & talks like a bottom here imho. I think the shorts are prudent to cover pre-API today. I saw some at the close yesterday and expect to see some strong short covering today. This was another "wink & a nod" short run. For the most parts the fundies stepped aside and let the shorts have a free ride here. Now the shorts should cover after a nice little run. While tonights API's can present some week to week anomalies; I beleive the next 2-3 weeks overall draws will be powerfully bullish. The plays remain the crude balanced E&P's - but; the risk vs. reward on the Nat Gas pureplays like NBL are near once in a cycle lows imho. NBL has returned to January-esque price levels; near a 5 year low here ! Not only has the entire Winter Nat Gas story been written off here in NBL; but the huge cap ex increase in 2000 over 1999 is being wrongly ignored. NBL is looking like a screaming call option trading opp. Big, big possibilities in this one. NBL $21 to my Q2 2000 target of $30-35 - can I call that 50% - 67% upside a "chip shot" - it will be... It is worth a look to go back and review the OSX & E&P moves during the '97 & 98 run-ups. The stage is set imho...