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


To: jim_p who wrote (63283)3/29/2000 11:34:00 AM
From: SliderOnTheBlack  Read Replies (2) | Respond to of 95453
 
Today we saw the turning point - between confident money & momenteum money

This pre-opening warning on SII tells the entire story imho.

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Wednesday, March 29, 9:28 am Eastern Time
Alert: NYSE Indication Last 76 7/8 Bid 70 Ask 73 (NYSE:SII)
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A 70 bid on SII - hit $80 after the dust settled...

Momenteum money does not understand what the fundametnal underlying strength of the simple supply and demand drivers have done to the support of what OPEC just established; as a solid floor under crude prices.

Today; for the first time; Confident - real Oilpatch money stepped in and took all the shares that the momenteum players were willing to sell.

Momenteum players did not have a clue to how this would play out; they were bailing out, off of the OPEC news - and old line money stepped up and bought everything the mo-mo boys were willing to puke on.

This is the broadest & deepest rally we've seen yet.

Today was an important turning point.

The BOOM 2000 SUPER TRAIN - is on greased rails here...

All aboard~



To: jim_p who wrote (63283)3/29/2000 12:19:00 PM
From: CpsOmis  Read Replies (1) | Respond to of 95453
 
Just picked up 500 shares MDR @ 8 15/16...Thanks, slider for the tip on "putting some lines in the water".....

NBL EOG BR PXD....dag! Didn't hit the exact bottom but am looking at 30 to 40 pct in a month....... thanks for the heads up on these stocks guys....

Now, when MEXP hits gas my portfolio will explode!!!!! (VBG)

Wish I had taken the risk w/margin, but I'm too conservative to do that.......hey no pain no gain I guess...

Any thoughts on profit taking? This seems a bit to far too fast, but the MO MO crowd may just now be getting excited? I'll stick around, but maybe a small gain tomorrow then a significant retrace on Friday....(hey my guess is just that...)

Cosmo