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Pastimes : Dream Machine ( Build your own PC ) -- Ignore unavailable to you. Want to Upgrade?

To: Zeuspaul who wrote (1873)	8/4/1998 10:51:00 PM
From: Spots	Respond to of 14778

>> How low can it go? As with PC prices, there's no intrinsic limit<GG>. Stay slick, Spots

To: Zeuspaul who wrote (1873)	8/5/1998 1:34:00 AM
From: James1000	Respond to of 14778

Zeuspaul, I don't think oil prices will go much lower, but as Spots says it can go much lower. The whole reason oil prices went up to $20+ was the huge demand from Asia, which has been dramatically reduced; so until the recession or possibly depression ends which might not be for a very long time oil could go lower. When the recession does end I have one solid oil stock in mind that will shoot up to a five goal of 1000%+ increase. Pride(PDE) Past and future growth are about 30% yet the stock has a very low P/E because of the Asian recession/depression.