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

To: JZGalt who wrote (28029)	8/20/1998 8:37:00 AM
From: diana g	Read Replies (3) \| Respond to of 95453

Hi JZ, you wrote"There is also a time lag involved. Just as the e&p companies did not turn off the budget process immediately when oil dropped below $15, it will not turn on again until it rises above and stays there for perhaps 3 months or more before you would see any pickup in this area." But surely you don't think Sector stock prices would also wait for an e&p pick-up? Also, "I really wish this thread would quit trying to guess the bottom(s). The stocks follow oil prices and the trend is still down despite day to day fluctuations." What are any of us doing but trying to predict future stock prices? When you say "... the trend is still down..." what are you doing that is qualitatively different from someone else saying they think the bottom has been reached? Obviously, calling bottoms has become a bit of a joke here. But isn't considering the factors affecting stock price and speculating on future price movement (including guessing bottoms) what we're all doing? regards, diana