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To: GREENLAW4-7 who wrote (73246)	9/13/2000 7:27:44 AM
From: Post_Patrol	Read Replies (1) \| Respond to of 95453

greenlaw4-7 Smart Money seems to agree..>>http://www.smartmoney.com/smt/columns/commonsense/index.cfm?story=20000912 That said, now isn't the time to go on a shopping spree in the oil patch. On the contrary, it's time to begin reducing positions slightly in anticipation of an inevitable decline in prices. Most of the major oil producers are near 52-week highs. Three years ago was the time to buy (when you couldn't give them away). It's certainly OK to buy oil stocks low and hold them forever, but a better strategy is to buy gradually in declining markets and sell in rising ones. We remain in a rising market.<< ThePost_Patrol

To: GREENLAW4-7 who wrote (73246)	9/13/2000 8:05:27 AM
From: Think4Yourself	Read Replies (1) \| Respond to of 95453

I thought we were going to wait for the DOE numbers to come out to see where we stand ;o) I do agree with you that we will probably have a correction before or into the first week of earnings BUT once earnings start coming for this industry out the sky is the limit!! This is the first quarter where the bottom line will start showing the prices. E&P's in particular will be reporting spectacular earnings.

To: GREENLAW4-7 who wrote (73246)	9/13/2000 9:16:16 AM
From: ItsAllCyclical	Read Replies (3) \| Respond to of 95453

>> the trend is reversing, and CRUDE is down. So please stop the bashing of any short position << We're soooo sorry. Maybe we're tired of a certain someone yelling SELL, SELL, SELL without supporting evidence. Your biggest argument so far has been that you have hunch that more oil may be coming our way. You will have your day. Of that I have no doubts. The question remains how much further will we rise in the interm before that happens? Actually oil stocks seem to have their best rallies AFTER earnings. I don't know why, but that's been the pattern. I disagree with John Q. Public on this one. Spectacular earnings have very rarely moved us during the earnings period. However, contract announcements or increases in cap ex would. Also Techs are going to get hammered this morning too. The most likely scenario I see for the OSX until post earnings is a trading range from 130 to 145. Yes, technically speaking the OSX leaders are ahead of themselves, but the BIG trend is not reversing. Feel free to play the baby trend.