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

To: SliderOnTheBlack who wrote (60536)	2/18/2000 10:37:00 AM
From: dmccoach	Read Replies (1) \| Respond to of 95453

Winter is not finished with us yet... it is snowing heavilly here just north of Philly... what's ahppening in NY? Dan

To: SliderOnTheBlack who wrote (60536)	2/18/2000 11:06:00 AM
From: Think4Yourself	Respond to of 95453

Noticed you didn't say the SMART money is sitting on the sidelines. I would have had to contest that statement. How smart is the money that wants to get out just prior to a big runup, and at roughly the same prices that would occur during a blowup? The ANALysts even admit that they need to give the EnP's a higher valuation on LOWER oil prices (IDIOTS!). Smart money has already missed a runup, even after this morning's action. Given that prices are near an all time high and many of the producers are nearer their all time lows than their all time highs, it appears that it is the easily frightened money that is on the sideline. The smart money is already in and increasing their presence. The not-so-smart money is shorting at these ridiculously low prices. Given the press action the sector is getting, the money on the sidelines is getting left behind. Smart money is buying on each of the dips, and not selling as much on the rallies. Smart money is making more money while the frightened money is missing a rare opportunity. You snooze, you lose! I just can't see OPEC doing anything stupid at the March meeting. They have worked too hard and too intelligently this last year to throw it all away. They may disagree but will follow the architects of the agreement that pulled their butts out of the fire. Remember, there is no inflation, Tech stocks are undervalued, coal is the future for power generation, and oil is going to $5