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


To: dfloydr who wrote (60367)2/16/2000 6:25:00 AM
From: Think4Yourself  Read Replies (2) | Respond to of 95453
 
CNBC just said gasoline prices will probably go to $1.70 in the coming months. Also had a "fresh out of college" analyst interviewed (guess the prior analyst was finally canned, as most of them should be). Was slightly more intelligent than most of the (absolutely clueless) industry analysts. At least this one wasn't dumb enough to say where oil prices were going to settle.

In the last month or so we have gone down after positive API numbers. My money says today DECISIVELY breaks that trend. You all can sell into any rally today - not me. The media is FINALLY coming around to the realization that it ain't going back to the way it was. I have been waiting for this.

EDIT: CNBC is running TWO oil articles each half hour today.



To: dfloydr who wrote (60367)2/16/2000 6:29:00 AM
From: Gary Burton  Read Replies (2) | Respond to of 95453
 
O/T-Bush looked terrible in the CNN debate in my view--anything but presidential and most definitely not a leader.



To: dfloydr who wrote (60367)2/16/2000 8:34:00 AM
From: BigBull  Read Replies (1) | Respond to of 95453
 
The relative strength bet paid off. While most E&P's sported attractive valuations, technically, they were in confirmed downtrends. That is the primary reason I went with land drillers, tubulars, and select services. Those stocks resisted the recent patch selloff best. Those stocks also performed best when the pressure came off. The relative strength notion also payed off in a few selected E&P's - OIL & PPP:

finance.yahoo.com

There are probably more, but I am not close enough to the sector to be thoroughly informed. IMO PPP is a buy right here, based purely on technicals. Don't own it though. When the preponderance of E&P's break their down trends I will take a closer look.

Hey, this post is not meant to bash, "ankle bite", or demean anyone. "This time" my ideas made me some money. If they made anyone else money, so much the better. Hell, even "Blind Bulls" get lucky once in a while. <g>

Bull