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To: Roebear who wrote (62475)3/20/2000 2:27:00 PM
From: SliderOnTheBlack  Read Replies (1) | Respond to of 95453
 
THE key here; XOI -.09%, XNG -1.0% , only OSX down large - that = buying opp

If the XOI & XNG was blowing off - we'd have a problem; they are not. Hence, this is a buying opp imho; actually a great contrarian one - since the lower commodity price actually only affects the bottomline fundamentals of the XNG- XOI co's and NOT the OSX...

I think the action here is expected, within the normal range given the OPEC meeting AND the pre-API selloffs of late.

Watch FLC, RIG HAL PGO here - they are cheap and if they turn at the close, or post the API's we are fine...

Look at the volume buying we had 15%-20% higher in these stocks just mere days ago. We are fine here.

Postal - get nibblin - dont miss this one (VBG).
You know the hedge funds are just shorting for some quick $4-$5 moves here - we get that in a 2 day bounceback alone.

Look at the outflows from biotech today, iNets getting the Barrons magnifying glass treatment etc. - we will see huge rotation post OPEC. OSX 125ish by May 15 imho.

6 weeks for 30%.