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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: isopatch who wrote (8713)	3/3/2002 8:10:43 AM
From: GREENLAW4-7	Read Replies (3) \| Respond to of 36161

Anyone believe OSX and CRUDE is ahead of itself? I have not heard much discussion anywhere on SI regarding the recent move from 75-94 in OSX as being a TOP. We went up on future traders short squeezes caused mainly from IRAQ, and 1 semi bullish inventory number. All while inventory data in Crude is about 40 million barrels higher then last year, and drilling is still stopping in the gulf? I see far too many simialrities to the spring of 98, and go look what happened in after that period. The issue of Russia in the past would have taken crude down 3 dollars, today so many are just negating it is incredible. I have never seen an OSX cycle start up again after only being down for some 3-4 months. I called several land drillers PTEN, GSF, ESV, and GW and I advise anyone thinking this sector is now a good safe buy to call. BUSINESS is worse then 98!! So I ask this board why none is discussing how OVER INFLATED these stocks are? Regarding a few of WS analysts, its obvious some got caught buying OSX at 120-140 and are now looking to support those losing trades. I find it HUMEROUS to see a strong buy on WFT after its alreadt risen from 35 area to 48 area in 3 weeks LOLOL I am an OSX bull but some how I refuse to be taken this time by the index. When the US gets wind that its going to be a double dip recession I do believe OSX will revisit 60 area and probably lower, in the interum I hope we see OSX 100 or even 110, because it will be the best shorting opportunity since I shorted the QQQ at NASD 5000! Good luck all, and I hope someone can convince me I am wrong and OSX is going to 120-140 area again.