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To: Haim R. Branisteanu who wrote (6414)	7/27/2000 2:03:17 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 436258

Haim, no...i sold my oil stocks a while back...i'm actually beginning to think that crude oil may have topped out. sure, it's bouncing today, but it looks awfully toppy on a continuation chart.... i'm still thinking though that in the long term prices will go much higher...wouldn't be surprised to see $45-50/bbl. one day. but if the US eventually slips into a recession, the latest rally is probably all she wrote for the short term. i know, according to the latest data the economy isn't even slowing down yet...but there IS some rot. look at the growth in inventories...