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Strategies & Market Trends : ahhaha's ahs -- Ignore unavailable to you. Want to Upgrade?


To: Abner Hosmer who wrote (1377)3/5/2001 10:01:12 AM
From: ahhahaRead Replies (4) | Respond to of 24758
 
You prefer to buy stocks which are high. The idea is to buy low. All of those oil service stocks are very near a peak and will be disappointing. Isn't it the case that a slowing economy causes a slowing in the demand for oil? Admittedly not much so producers of oil should hold up, but oil service needs continually rising price to significantly advance. OPEC has stated they want to fix price at current levels.