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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?


To: S Shaw who wrote (5027)3/15/1998 11:13:00 PM
From: Ploni  Respond to of 18691
 
Are there any ideas on domestic producers who get the bulk of their income from what they pump? ... There have to be more that are ready to take a serious hit.

Scott, many predictions do hold that oil prices will remain low for 12 to 18 months, but the oil stocks are already so low, I'd be afraid to short them.

Instead, just be ready to go long when they start moving. Look at MAVK's one-year range: from 8 1/8, up to 51 1/4, and now back down to 15 11/16. Let's plan on catching it as it next moves from around 10 or 12 up to the 50's.