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


To: Don Westermeyer who wrote (23435)6/4/1998 3:09:00 PM
From: johny  Respond to of 95453
 
The market also hates me... not a good time to be fully invested in techs and oil service stocks like I am...on margin too



To: Don Westermeyer who wrote (23435)6/4/1998 3:11:00 PM
From: Flan  Respond to of 95453
 
Somebody take my portfolio outside and put it out of its misery - Down huge with everything else over the last three weeks but today with the market up 50 and oil up on great OPEC news - I can't even get one 1/8 uptick on any of my 6 oil service stocks which are all down over 35% in the last month - This blows!!!

Never Again!!!!!



To: Don Westermeyer who wrote (23435)6/4/1998 3:23:00 PM
From: Broken_Clock  Respond to of 95453
 
Today looks like a repeat of the last OPEC cut fiasco. Initial cut less than expected, so oil is shorted AGAIN!, then little by little others jumping on board brought us up for awhile. Perhaps the bizarre weather(I hear it's as cold in the upper midwest as it is hot in the south) will cause some drawn down in crude this next couple of weeks as we near the real OPEC meeting. IMO the firmer price of JULY crude indicates that the traders are trying to fill the tanks to the brim as cheaply as possible before things actually do tighten up(July contract . It will probably take crude getting to $17+ before we really get back on track...

Oil looks to be closing the day well off the early highs....