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: marc chatman who wrote (27971)	8/19/1998 7:56:00 AM
From: Roader	Respond to of 95453

This report is on C1 in the WSJ. eom

To: marc chatman who wrote (27971)	8/19/1998 8:01:00 AM
From: SargeK	Read Replies (1) \| Respond to of 95453

Marc, Here is a message I just posted on the YAHOO FGII message board. Thought you might be interested. ÿÿ Gig - $OSX (Oil Service Index) HAS BOTTOMED Pull up the technical chart: 207.95.154.130 e&stochastics=y&symbol=%24xoi Enter Symbol $XOI (Crude Index). In the boxes, check 60 weeks and click Stochastics. Print it. Change the symbol to $OSX (Oil Service Index). Print Overlay them. The crude index closed higher this past week than the week before. The uptick and the pattern is identical to early January where it also closed higher on a weekly basis reversing the Nov Dec 97 decline. The Oil Service Index is relatively new and we don't have the advantage of comparing previous changes in cyclical trends. But, there is enough there which caused me to assert this past Sunday, that the OSX would close higher this week than last week. The OSX bottomed Monday, recovered yesterday and I am certain it will finish this week higher. GLM hit its low on 8/5 @12 tested the 12 on Monday and recovered yesterday. It is on its way SLB hit its low Monday @ 51 and recovered nicely yesterday. HP hit its low @18 1/4 on 8/11 and has already established a short term upward trend. I wont go through the whole list, too much time and space. The whole sector is undergoing a turnaround and I am positive that as fund managers and institutions become less skeptical we will see large amounts of money pouring into the sector. A trickle, perhaps at first and then a gulley washer. I have posted a couple of my trades recently to demonstrate my own confidence. I will stop doing that since it appears to be a magnet for abuse and BOILER ROOM assaults. Good luck and thank you. K ÿ

To: marc chatman who wrote (27971)	8/19/1998 8:11:00 AM
From: diana g	Read Replies (2) \| Respond to of 95453

Call me Pollyanna...... "...I think yesterday was the first day in recent memory when nobody on the thread called a bottom for the OSX (I may have missed a couple of posts). That's pretty refreshing. Can we make it two days in a row? " WSJ and CNBC report Insider buying, Producers seeing glut easing, gas stocks down, Crude Up, Market bouncing, Cold weather coming....... THIS IS IT!!!!!! WE'VE SEEN THE OSX LOW!!! Up From Here!!!!! (Sorry, marc, had to do it.) regards, Pollyanna diana

To: marc chatman who wrote (27971)	8/19/1998 8:12:00 AM
From: Lee Fredrickson	Respond to of 95453

Marc: WSJ art. link; interactive.wsj.com Ooops, two lines...might not work. Even if it does, they might require subscription. Fingers crossed. Trying not to be too hopeful from a 'one-day wonder' pop in the much-maligned, year-old OS portfolio. Lee

To: marc chatman who wrote (27971)	8/19/1998 8:17:00 AM
From: Dragon 1	Read Replies (2) \| Respond to of 95453

<I think yesterday was the first day in recent memory when nobody on the thread called a bottom for the OSX> LOL. I was just about to say the same thing when it's said by you, a very sharp and astute man. Didn't you feel the way things are that they creep up on you when you are least noticing? But, that being said, does anyone dare call the bottom for oil is here? Factors: unexpected low inventories, la Nina, Asia bouncing back (at least these two days) and Mr Hussein itching to get hit? What's the call of the masses?