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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Ian McGuire who wrote (34826)	9/14/2000 12:37:21 AM
From: KevinMark	Respond to of 57584

Take a hard look at CLIC. Text book double bottom. stockcharts.com KM

To: Ian McGuire who wrote (34826)	9/14/2000 7:33:44 AM
From: Wes Stevens	Respond to of 57584

Ian, The big oils - XOM, Shell, Texaco - will be better off in the long run with $25 a barrel oil. Two reasons - They all produce only a fraction of the oil that they use. The rest they have to buy on the market. The second is if oil continues at these prices demand will drop. The last time that happened it took years for it to go up again. There are a lot of factors that go into it such as contracts going forward on the downstream side ect. But in general they do not want oil to stay this high in price. Having said that I really think the big oils are fairly priced. I don't see a lot of upside to them in the near term. PS Inventories are low because they all expect that the price will drop so they do not buy more then exactly what they need at these prices. Low inventories are not a good gauge of crude being in short supply.