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 : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Michael who wrote (14968)	3/13/1998 12:09:00 PM
From: James F. Hopkins	Read Replies (3) \| Respond to of 94695

Some of the drillers, and supply boats do have long term contracts, but the big boys have a way of nit picking their way out of a lot of these if things get tight. Thing is onec the Big oil company stocks take a hit the herd don't look past that and driller stocks can go down ( special the small ones ) even though they may be in good shape. After all many of them still have nice gains from were they were early last year. In short the low oil price will send fear into the sector including the drillers as soon as XON and BP drop enough. The thing don't make sense, most of the market don't make sense..if it did I guess every one would make money. It's just the herds perception of things, and the carpet baggers deception. What do you make of Suro going long the bond, while his ex partner JimmyBowTie is short the bond..( or says he is )..so much is just cash flow right now. With all the smoke and mirrors in the news and on CNBC , I think is just to wipelash things and get volume up for the exchanges, total volume will also fall off just before any big down turn. ----------------------- Back in 96 when oil kept going up, week after week the herd was slow to move into oil stocks..so my guess is they are going to be slow getting out..every thing seems to go to extreams..from way over bought to way over sold. The supply demand tied to the cash available, and coming into the Mutual Funds, earnings and profit margins seem to be a short term joke. Jim