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To: SliderOnTheBlack who wrote (64213)4/10/2000 5:06:00 PM
From: ItsAllCyclical  Read Replies (1) | Respond to of 95453
 
OXY - Yes, I noticed. OSX down 6%, XNG down 3%, XOI down 1%.

That's why I was willing to average back into MRO today. I agree 100% with your statement about averaging in/out. I will probably start to buy back tomorrow, but relatively light until later in the day. We may get a false bounce in the morning followed by more selling. But I think the worst will be over by Wend too.

BJS looks more like a tech than an oil stock

207.61.23.98

Will it suffer a tech like correction? Doesn't appear to have solid support until 50.



To: SliderOnTheBlack who wrote (64213)4/11/2000 1:59:00 AM
From: Bruce L  Read Replies (1) | Respond to of 95453
 
<<Anyone else notice what an absolute rock OXY has been of late? Refuses to sell off - absolutely refuses to..>

In part, it could be because of their large chemical business. In the past, it's held them back. Today, chemicals were relatively strong.

OTOH, it hasn't had the % runup of some of the purer E&P plays. So it's relatively cheap.