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


To: VLAD who wrote (26970)8/3/1998 11:06:00 PM
From: upanddown  Read Replies (1) | Respond to of 95453
 
IMO too many institutions are trading these stocks way to closely to the crude oil futures

Vlad, we should be so lucky. In the last six weeks, NYMEX crude is essentially unchanged after trading in a narrow range between 13.50 to 14.50. In contrast, the OSX is down 22% in those same six weeks.
No need for anyone to insist that the price of oil service stocks should be disconnected from the price of oil. We got our wish.

John