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To: SliderOnTheBlack who wrote (60901)2/25/2000 10:07:00 AM
From: BigBull  Read Replies (2) | Respond to of 95453
 
Slider, re. The Wall.

Yes 94 is the barrier that people have been using to sell on wrt the OSX. However, there has been series rising bottoms working up into that wall. So, by definition, the OSX is running out of room, and decision time is at hand. IMO the thing breaks up big or down big. I'm thinking maybe up because ENOUGH stocks in the sector have already broken out to induce some investors to give the sector a second look. It's time to put 'em up or shut em up in the next two weeks. I believe the pattern could very well be resolved before the OPEC meeting. The big investment theme is no secret. Land and Workover rigs, picks and shovels, select services, and US exposure. Deepwater, construction, and foreign exposure are still holding the sector back.

I am not suggesting that folks rush out and buy BJS here by any means. However I do believe it is important that the sector have some runners so as to attract at least some capital away from techs. That BJS, SII, etc are running is a good thing. I'm adding RGO to my E&P attractive list.