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To: SliderOnTheBlack who wrote (60152)2/11/2000 11:21:00 AM
From: ItsAllCyclical  Read Replies (1) | Respond to of 95453
 
Disappointing XOI action today. Looks like it wants to follow the market lower. Got out some XOI positions for now. Increased SII short a little as I see at least one more dip in OSX before OPEC meeting.

I see $45-48 SII sometime before OPEC meeting. At the very least I think I can get out of the short sometime during the next couple months at no loss. Sub $45 SII is possible in market selloff.

Thompson's showing heavy sell signals on SLB and SII. SLB at 55 again should equate to OSX of 80 or lower.

Kept a little UCL.



To: SliderOnTheBlack who wrote (60152)2/11/2000 11:53:00 AM
From: Winkman777  Read Replies (1) | Respond to of 95453
 
I finished buying Wed near the close. Bought a lot more FST, even "trading" some XTO for FST. Am now chest deep in margin, my highest ever. IMHO WED at the close was the bottom. The spurious reasons for TUES-WED drop (Chevron budgeting crude at $18, and OPEC might increase production somewhat - sometime) gave us another buying opportunity. OPEC has to increase production some to avoid shortages. BUT they have stated repeatedly that $25 is the floor. Like many here have said, it will take some time to get used to. And when $25 min becomes accepted, we will make REAL $.

OT: WMI on sale today. Big fund sales yesterday drove stock too far down IMO. Like FST lately. I got WMI at 14 5/16. It is only a bounce play - hope it doesn't smell up my portfolio. FST and others I'm holding for possible doubles.

Good luck all. Winkman



To: SliderOnTheBlack who wrote (60152)2/11/2000 12:23:00 PM
From: Umunhum  Respond to of 95453
 
TDW's a buy here people. No debt, cash flow king. The chart looks like we put in a bottom and are heading up. I think we'll be back in the 30's by next month.



To: SliderOnTheBlack who wrote (60152)2/11/2000 12:46:00 PM
From: Crimson Ghost  Read Replies (2) | Respond to of 95453
 
Slider:

The tech bubble must burst before the rest of the market can see a sustained bull. At least that is my opinion.

BTW, did you know that Warren Buffet's Berkshire Hathaway has dropped over 40% from its peak? Buffet is a value player and value stocks have gotten creamed as the tech bubble soars ever higher.

When the tech bubble does break (very soon now methinks) the rest of the market will be hit as well. Margin calls probably will trigger panic selling. But should hold up much better than tech and will come roaring back later this year IMHO. And nothing will come back better than the OSX