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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (21171)	7/22/2001 11:47:31 PM
From: Zeev Hed	Read Replies (3) \| Respond to of 30051

I think that there are few oil related which I would consider "safer" than others, but if they breach their recent lows, they will no longer be safe. I like TLM (but was hoping for a slightly deeper retrenchment), and also some of the oil services, particularly SLB, NBR, PKD and RDC. But frankly, if you hold the "massacre" theory, why buy right here, wait and see how that swoon down develop and how these stocks hold. I also think that non oil stocks like AGM, SFD, AW and POOL are "safer here, but these as well, until they meet their own change in trend by breaching their respective stops. Zeev