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To: Terry Whitman who wrote (900)6/27/2000 12:44:00 PM
From: LLCF  Respond to of 436258
 
<Time to sell oil stocks? Looks like the support trendline is breaking-.

I figure oil stocks are value compared to NasDung and SPX even at 2x the price!! Looks like a trade though.

DAK



To: Terry Whitman who wrote (900)6/27/2000 6:28:00 PM
From: John Pitera  Read Replies (1) | Respond to of 436258
 
Hi Terry, we'll need to see what crude does until it breaks
34 to the upside it might move back to 30 or the 25 level.

NG has made a new alltime high today.

I think you might see 2 weeks of selling in XOi and in
the mkt as a hold but that might be a very nice buy.

If the time frame is the next week or two maybe a sell is
in order, not the safest play, imo.

the XOI is right above it's 50 dma @ 520. that is support

JP


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