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

To: SliderOnTheBlack who wrote (28338)	8/26/1998 1:31:00 AM
From: upanddown	Read Replies (1) \| Respond to of 95453

I have recouped most of it in the last 4-6 weeks Slider, you entered this sector around March, the OSX is down 50% since early May and down 20% in the last six weeks and you recouped most of your losses in a couple of feeble rallies in recent weeks ? With long stock ? Wow......tell the webmistress to change your name to HoudiniontheBlack. Understand, I am not doubting you. I know you would never sink to the level of the arithmetically-challenged DH. <ggg> John

To: SliderOnTheBlack who wrote (28338)	8/26/1998 7:54:00 AM
From: Dragon 1	Read Replies (1) \| Respond to of 95453

Slider, in your post enumerating events that could move the oil market you forgot to mention one: war. Don't try to deny the fact that the fundamentals have not changed in the oil d/s sector in the short term since crude could not have been this low if otherwise. Remember, we are not even talking about oil majors and look what had happened to them since then. Don't try to blame the futures traders either because I think they know more than you or I do. What you have been saying sounds music to ears of longs here (which also poses detriment to unsavvy investors), but take a look at the fundamentals of this thread you will get a very clear picture. Where are all the bulls and longs of this patch in Jan and Feb when it suffered it beginning hit? Go back to the history of the thread and you will find that they have by now become ten inches shorter. And you know what? They were already selling short while still touting. IMO, the only thing that can reverse the negative changes in the fundamentals is the drastically changing world politics centering on the Middle East. Don't preach morals here; the market doesn't give a shit. Nobody likes war, but the market doesn't take prisoners either. The ultimate event of change hinges on world politics and the tool it emloys to reach where it wants to be is war. Before that happens, don't stop singing. Regards, XQ