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

To: ItsAllCyclical who wrote (60001)2/9/2000 12:38:00 PM
From: ItsAllCyclical  Read Replies (2) | Respond to of 95453
 
Purely on a technical basis what looks good to short in the oil sector?

KEG looks good on a bounce back to 9. Seems over extended.

SII and NE look good too.

I'm not going to short large positions and I will keep tight stops, but with the market and xoi dropping and OPEC meeting still to come, why fight the trend?

I haven't started yet, but will probably short on any bounce later today/tom.



To: ItsAllCyclical who wrote (60001)2/9/2000 12:39:00 PM
From: Winkman777  Read Replies (1) | Respond to of 95453
 
Crude and NG traders don't seem too concerned.

Crude up 34c to $28.36 ***(EDIT up 46c to $28.48)***

NG up 4.5c to $2.54.

I like bargain shopping. Good luck. Winkman


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