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To: Wallace Rivers who wrote (28129)8/21/1998 3:27:00 PM
From: Crimson Ghost  Read Replies (2) | Respond to of 95453
 
OSX cutting its losses; now down 2.5% -- not much worse than the market despite steep drop in crude futures. Also OSX did not make a new low today, but Dow Jones did. I am not willing to say we have seen the final trough, but the action has improved quite a bit. Looks like the bottoming process has begun.



To: Wallace Rivers who wrote (28129)8/21/1998 8:42:00 PM
From: waverider  Read Replies (1) | Respond to of 95453
 
Wallace, demand is exactly the problem. What isn't there to get? The world economy is slowing down and there are some MAJOR currency and trade problems falling all around us everyday.

Less economic growth, less oil needed. And you think OPEC has any control of the situation anymore? We are slushing around in an oil glut. Believe the market. Stop trying to fight it.

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