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: marc chatman who wrote (57770)	1/3/2000 2:09:00 PM
From: Winkman777	Respond to of 95453

Bought APA today at 34+ about what I sold part of my RIG for 12/30. APA is now my largest holding. Also have HAL, FLC, PGO, XTO, OEI, and RRC. Off margin, but 100% invested here. API's this week may be very interesting. I would not be surprised by significant builds in both gasoline and distillate, maybe even crude. IMHO this would be a one week adjustment for the Y2K crisis that wasn't and another good buying op. OS stocks may have several big dips again this year. I'm going to try to "buy low and sell high". I see more opportunity in the OSS for short term trading profits than I see in the E&P's. Today's dip seems to be the normal Monday pre API dip compounded by 2000 profit taking.

To: marc chatman who wrote (57770)	1/3/2000 9:45:00 PM
From: marc chatman	Read Replies (1) \| Respond to of 95453

Crude is, not surprisingly, selling off again tonight -- down about a buck last time I checked. This is significant because it follows the multiple bearish macd divergences which have been building throughout December. It usually takes time and a move down (or at least sideways) to work off the divergence. On the positive side, the uptrend in crude since early last year is still intact. Tomorrow we get to find out whether the OS stocks can ignore this "bad news." I thought we would see a down open tomorrow (taking the OSX sub-80), followed by a bit of a rally to 82+, then perhaps a sell-off on the API's to the 77-78 area before resuming the rally. I was going to trade in anticipation of this move. Now, I will sit back and see whether the decline in crude causes a more significant sell-off. We should know in the first 10-15 minutes tomorrow. The OSX is still in that lengthy triangle consolidation (best seen on the weekly chart). The lower boundary seems to be in the low 70's. EDIT: Anyone notice VTS? It has been making a series of "hammer" candlesticks. Low volume, though, so it may not be significant; nevertheless, it was up today.