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

To: Roebear who wrote (60844)	2/24/2000 1:04:00 PM
From: Wowzer	Read Replies (2) \| Respond to of 95453

I will take a shot. How can oil stocks go much lower as long as oil stays in the 25 range? I know that is a dumb question but think about it. I mean oil is now above 30, I know I know, it can't be maintained and is going lower according to every talking head on CNBC. At least that much has been pounded into me. But how often has the majority been right on price direction? And this isn't a majority but every single "expert" I have heard, other than a few on this thread, which I have a lot more respect for BTW. I remember last March virtually everyone said oil was going lower when it was at 11 then it hit 15 (can't hold it), then 20 (oil too high) then 25 (Kudlow face contorts and shits his pants right on CNBC) then 30 (every freaking media source in the northern hemisphere tells us oil is too high and MUST come down, plus a few sob stories to boot). Now we are above 30 at this minute..... That being said oil stocks will take another 50% hit because Oil just can't be maintained at these prices DAMN IT!!!!!!!!