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

To: dfloydr who wrote (62216)	3/15/2000 4:38:00 PM
From: The Ox	Respond to of 95453

The rotation into oils started a long time ago and I suspect we are near the end of the 'first' rotation. Oil services has been one of the strongest sectors this year, with the exception of the last couple of days. I don't think there is any reason to bail out of the OS stocks unless you are looking to scalp a few points or have a very short term horizon. Financial services was a major beneficiary today, as were a number of beaten up sectors. I haven't reviewed today's results but from my few glances, the leaders of the 2000 market were getting punished and the laggards were starting to gain. This is a 'simplistic' view and a generalization so take it with a grain of salt. Small caps were trashed today and almost anything in the 'high tech' sector was taken out back and severely beaten (not that many don't deserve the treatment with the astronomical price to sales ratios, P/Es, etc.). I admit to 'dipping' on a few techs today but I fully understand that the tech bashing may have just started.