Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Jane4IceCream who wrote (68171)	6/13/2000 7:31:00 PM
From: The Ox	Respond to of 95453

OT - I think? I'm sure many were noticing the same thing, Jane! I mentioned MTSN here on 6/6 and here's a chart of the action since then: siliconinvestor.com It's obvious the move late today was on very light volume, could easily be short covering. If we get a robust move in the Dow and NASDAQ, the oil patch could face some rotation out of the sector. If you're in for the long haul, I don't think there is anything to worry about, as I'm still very bullish on the sector going forward. We're still in a market that rewards individual stock picking and timing. At the same time, if you are riding on one or more of the OSX's larger companies, the long term trend is your friend and should continue to be for quite a while. Until oil prices are below $24/bbl for a sustained period, the fundamentals in the patch outweigh a lot of the inherent risk! Just my opinion, Michael