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Strategies & Market Trends : Z Best Place to Talk Stocks -- Ignore unavailable to you. Want to Upgrade?


To: pz who wrote (34639)11/14/2001 11:09:46 AM
From: E.J. Neitz Jr  Read Replies (2) | Respond to of 53068
 
PZ--good move. I remember 1998. OPEC couldn't agree with non-opec nations....so OPEC raised production during a period of dropping oil prices....to teach them a lesson. Price of oil plunged very quickly to $12 a barrel...oil stocks plunged...all the talking heads were looking for $5/barrel oil...and I sold oil stocks at the bottom. So If that plays out again I will buy oil stocks...and hopefully can time it right this time.