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


To: Lois R who wrote (16852)3/27/1998 12:27:00 PM
From: bw  Respond to of 95453
 
Lois: <Per CNBC - possible snags in OPEC meeting>
Well, the "story" came out after that sensational lead-in before the commercial. The story just said that OPEC must be "on good behavior" at their meeting this weekend. Again, CNBC just trying to stir up the pot. Oil prices are up today, and I have to believe that the members of OPEC aren't stupid enough to nix this deal...this because they have already seen the positive results even before the actual details of the agreement have been reached...
As for trading today..Profit taking at the open, and now almost all stocks in the sector are in rebound. The reason for the nervous DOW is OUR HIGH OIL PRICES!
Long MDCO & UTI [for at least the next 30 minutes <g>]