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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?


To: kodiak_bull who wrote (7653)9/11/2001 12:09:40 AM
From: kodiak_bull  Respond to of 23153
 
I'm not getting the VIX itch quite yet but oil service stocks seem to be getting very near attractive buy for 6 months kinds of levels.

stockcharts.com[h,a]dhclyymy[pb50!b200!d20,2!f][vc60][iut!Ub14!Ua12,26,9!Lc3!Lk14!Lh14,3!Ll14]

TMAR at $7, wow, things are getting low. I'm not exactly sure but I think the last time TMAR was at $7 was in March/April of 2000. Still, with all indicators still pointing down, it's not a bad bet to sit and wait a little bit here for more oversold conditions. TMAR sold just north of $4 in 1998/1999, so who can tell? Otoh, at this point it doesn't seem like oil is likely to freefall this year or next to anywhere near $10/bbl.

(Ahem, in plainspeech, that's cheaper prices.)