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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?


To: Chuzzlewit who wrote (16135)3/23/1998 2:45:00 PM
From: PnclNk  Respond to of 95453
 
You are absolutely correct but I doubt that most people take the time to understand this industry and how/why it makes money. When someone complained to Cramer that oil prices shouldn't drive driller prices, he just replied "they don't trade that way". Too true. BTW Cramer is a good weathervane to see which way the wind blows - not to anticipate the next move. A couple of days ago his article in thestreet.com said he could think of no reasons to buy this sector. Sorry Jim but WRONG again!