Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk -- Ignore unavailable to you. Want to Upgrade?

To: Kirk © who wrote (15535)	5/13/2004 3:33:59 PM
From: Davy Crockett	Read Replies (1) \| Respond to of 207320

I dunno about you but the trend appears to be quite strong that higher oil prices will continue. Hop on the trend until it bends,.. & it doesn't appear to be bending yet. BWDIK

To: Kirk © who wrote (15535)	5/13/2004 4:17:20 PM
From: Michael Watkins	Respond to of 207320

Lower oil costs will take a while to work its way through the system, particularly refined fuels where lack of capacity is as much a part of the pricing problem here as is oil. Meanwhile, oil is parabolic on the monthly charts and getting to extreme values on the weekly charts but merely in a strong trend on the daily. Could end any day... but it has not yet. I note a number of oil stocks setting up for a sell off here -- if they lead the commodity, which so often happens - perhaps the speculation will end soon. Until the next energy shock. Not if, but when.