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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?


To: bela_ghoulashi who wrote (1956)9/18/2000 3:32:38 AM
From: Jim Willie CB  Respond to of 65232
 
I predict oil sector will be a major loser as investment
from this date onward to end of year
we have seen the peak here in early September

$40 oil, I doubt it
with Saudis cooperating on production increases, and the Gulf hurricane winding down, and the European economy slowing down, and isolated blockades in England and elsewhere in Europe, I expect supply to increase and demand to decrease... prices could easily fall gradually

speculation has taken oil and oil service stocks silly high
watch them tumble in the next tech rally

short oil, long techs
me personally, just long an assortment of techs

diversify, if I had diversified this spring, I'd be writing this message from the Spanish or French coastal beach resorts... maybe now in a couple years

/ JW