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Gold/Mining/Energy : Exxon Mobil (XOM) -- Ignore unavailable to you. Want to Upgrade?

To: opalapril who wrote (44)	10/12/2000 6:48:47 PM
From: Bald Eagle	Read Replies (1) \| Respond to of 585

Most big oil company stocks pay dividends every quarter, not just in December.

To: opalapril who wrote (44)	10/13/2000 1:48:50 AM
From: Crystal ball	Read Replies (1) \| Respond to of 585

Oil Stocks this time are overbought, an OIL BUBBLE that will BURST not lose gas after dividends are paid, and dividends are paid based on EARNINGS, not the HIGH STOCK PRICE, so the rate of return ROR or return on investment ROI, is far less at a high price than last years normal pricing. Also, HIGH PRICE of OIL itself MEANS LOWER DEMAND, and LOWER DEMAND like in all commodities means LOWER PROFIT MARGINS, so these stocks are overbought. A commodity that commands a high price will create its own high SUPPLY, but OVERSUPPLY of a COMMODITY results in LOSSES NOT PROFITS in earnings quarters subsequent....just look at the productive farmer for examples of commodity oversupply....this time we not only lose the FARM we LOSE THE STOCK MARKET when the BUBBLE BURSTS and there is a permanent loss of market liquidity to reinvest, ROTATATION that is, into other stocks. Like everything else this year, the earlybird gets to keep the worm...get out ahead of the game ahead of the curve, don't wait for the BUST or OIL BUBLE BURST. Or sell your house and live in your car. I am, Truly your$, -Crystal Ball