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

To: William JH who wrote (60073)	2/10/2000 10:40:00 AM
From: BigBull	Read Replies (2) \| Respond to of 95453

I know, it it truly bizarre. The almost universally held belief that oil MUST drop - soon says to me we are approaching a one sided market and things are about to change. But hey, I'm and optimist. <g> Anyway, OSX bouncing off the 50 day here, being led by the mambo jambo's SII, BJS, and yes, dare I say it - LSS. We'll see how the bounce goes, good volume would help. If we don't get it then maybe a little more work on the downside. IMO the OSX is closing in on a good tradeable bottom.

To: William JH who wrote (60073)	2/10/2000 11:17:00 AM
From: Crimson Ghost	Read Replies (1) \| Respond to of 95453

The reason why most feel that oil will soon drop sharply is that the US government is pushing for this. And these days the markets assume that the US always gets its way on important issues. As I said a few days ago, the US government -- and especially the current Administration -- is the enemy of oil service investors. Make no mistake about that. I still think we will see a big upmove in the OSX shortly after crude comes down (assuming it settles over $20 as I think it will)