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.

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

To: Lucretius who wrote (20187)	4/23/1998 7:27:00 PM
From: William L. Oppenheim	Read Replies (1) \| Respond to of 95453

Not only are you smoking, but you are inhaling.

To: Lucretius who wrote (20187)	4/23/1998 7:30:00 PM
From: Broken_Clock	Respond to of 95453

biz.yahoo.com A report out of Oklahoma warning against low oil prices. Tis true, tis true....Good ol' boy Flash Clinton will be long gone when the real crap hits the fan(he hopes!) How bout the NAZ action today? scary...

To: Lucretius who wrote (20187)	4/23/1998 7:54:00 PM
From: bw	Respond to of 95453

LT..You know me. I'm in those safe CA Muni's. This after having a great week trading many of our favorites. After earning veteran status of a sort, by investing/trading the service stocks throughout the last few years..and especially during the last year's rise & tumble, I see a definite warning to the market in general. I agree with you that even though oil sector is still way undervalued in comparison, a residual impact will be felt by all during any steep correction. I will continue to tread/trade with caution..but had the foresight to sell all holdings yesterday at the highs, and wasn't even tempted today. These stocks never really move up with earnings, and those that are waiting for any earnings panacea might be in for quite a wait. Thean also commented awhile back that it will take $18 oil to propel this sector on to new highs. While the current $15 is enough to maintain the drilling budgets and current stock prices for now, it doesn't seem to be able to provide the upward momentum that the stocks find necessary to reach much higher shorter term. The major oil co.'s reportings of mostly disappointing earnings in the last few days has been a real eye-opener for many thinking of investing in oils at this time. All I can say is...Caution in the Patch!! [but what else is new?] <g> LT...Don't you ever think about taking your NE profits? If I had bought @ $12 like you..I'd be living the good life by now. [You probably already are...]