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

To: SliderOnTheBlack who wrote (28359)8/26/1998 8:58:00 AM
From: Bucky Katt  Read Replies (2) | Respond to of 95453
 
Slider--Untimely is what the oil sector is right now. There is simply no demand for this sector right now. People want what's hot at the moment. My guess is at some point, this will change overnite. In the meantime, how good are you at catching falling knives?



To: SliderOnTheBlack who wrote (28359)8/26/1998 9:15:00 AM
From: stsimon  Respond to of 95453
 
Generally, more money is made shorting stocks making new lows and buying stocks making new highs than the other way around.



To: SliderOnTheBlack who wrote (28359)8/26/1998 9:42:00 AM
From: Redman  Read Replies (3) | Respond to of 95453
 
Does anybody have any comments on the API numbers of a 5.565 million draw. I would think this could show some definite affects of the OPEC cutbacks. Obviously we need a few good weeks of numbers like this, but if we do we could be back in balance just in time for "La Nina".

Any comments are appreciated.

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