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

To: dmccoach who wrote (57898)	1/5/2000 10:48:00 AM
From: SliderOnTheBlack	Respond to of 95453

BHI is a prime early indicator of "Rotation $" imho... BHI is cheap and is the large cap "Value/Laggard - & Safe" play here for Institutions imho. We are seeing nice, balanced selective buying here - I like the way this is behaving here - maybe we don't retrace all that badly; we MUST have the NASDQ take another 3-400 points off imho... PXD had a huge cap ex increase at the end of the year - one of the cheapest companies on a reserve valuation basis - if any mid size company would get bought out for the reason of it being cheaper to Buy Oil on Wall Street than to explore for it - PXD would be a great buyout candidate... adding it on dips here as well. One thought - also, an early indicator of Big Moneys rotation into Oils - is the Oil Majors - XOM CHV RD & most Intnl Oils up nice today... If the OSX finishes up today - off of the initial market reaction to the API's last night - it will be because of "rotation $" - as we saw the energy sectors initial reaction - they are not who is buying today imo.