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

To: SliderOnTheBlack who wrote (59983)	2/8/2000 11:05:00 PM
From: ItsAllCyclical	Read Replies (1) \| Respond to of 95453

Slider, thanks for the more detailed explanation. As you know I've been increasing my OSX position - or at least my desired portfolio is now 50-60% service issues. Once again we are pretty much on the same page. I want to own the service issues because 1) That's where the mo-mo oil sector money has been going 2) Oil service stocks are less sensitive to a drop in crude prices (in theory). E&P's have not followed commodity prices up so when OPEC relaxes they shouldn't pullback, but hey it's the oil sector - who knows. 3) I like the service sector better as long term holds (2+ yrs). However, if oil establishes a new trading range due to OPEC and gas stays high due to increased power generation then many of the E&P's may have cycles on the magnitude of many service plays. Sorry I took your VPI comments as a slight jab. This flat lining in the E&P sector makes for very boring trading. I'll take any sort of volatility even if it's down. With the Nasdaq breaking out again I've taken positions in a few techs to a least get some trading action. I still like the lagging DSL plays. The broad market (techs included) would probably take a pullback in crude prices to the $22-25 level as very bullish. This is one aspect we really don't discuss here.