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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: Pilot who wrote (8761)	9/14/1998 10:52:00 AM
From: LTK007	Respond to of 29382

Still haven't made my money maker play for the month,having just missed last week---beginning to like votility in Gold stocks ,they are on down move now--may look for a bottom again which I missed last time---last time in with NEM was in at 18,watched it go to 14--was out at 18.25 and watched it spike to 22---now if I had bought at 14:)-- timing,timing. I am today putting market on O'Neil watch for having found a bottom--if it passes his test,I will post. Am now looking at copper stocks--FCXa,FCX,PCU,and PD.The coppers got an upgrade today to attractive. AINN I think has come to an end--think this one going below one now. New York Times had an excellent article identifying the big sellers in the market the past several months to be foreign investors.Max90

To: Pilot who wrote (8761)	9/14/1998 11:00:00 AM
From: LTK007	Respond to of 29382

Crude up today and oils tracking--looking good Pilot---still not sure myself---but coming close to buying with hedged puts.Max

To: Pilot who wrote (8761)	9/14/1998 7:53:00 PM
From: LTK007	Read Replies (3) \| Respond to of 29382

Pilot from Briefing.com 15:10 ET ****** OIL STOCKS: With so much press being devoted to Bill/Monica, Russia/Brazil and Sosa/McGwire, no one seems to be paying attention to oilfield drilling/services stocks, except for the fund managers who have been sneaking back into this ravaged group in search of value. Over the past several trading sessions, volume has picked up and numerous group names have mounted impressive rallies off 52-week lows. Since Wednesday, Smith International (SII 28 11/16 +2 13/16) has raced 38%, Cooper Cameron (RON 34 9/16 +2 9/16) has soared 30%, Cliffs Drilling Company (CDG 22 3/4 +1 1/8) has rallied 24%, while Friede Goldman (FGII 16 1/4 +1 1/16), Halliburton Company (HAL 34 1/4 +1 7/16) and R&B Falcon Corp. (FLC 13 13/16 +11/16) have each advanced 20%. Latest rally being ignited by heightened concerns of military conflict in the Middle East. Crude oil has risen more than 2% on the session to $14.62 a barrel after Iran made military threats toward Afghan militia group, Taliban. Iran, which is the world's 4th-largest oil producer (accounting for approx. 5% of world output last year), is charging the militia with killing nine Iranian diplomats. Traders are speculating that any conflict between Iran and Afghanistan could draw in Pakistan, which recently demonstrated its nuclear capabilities. While strength of group rally over the past several sessions has been impressive, there is still little evidence of improved supply/demand situation. Moreover, analysts have already factored in moderate increase in intermediate-term oil outlook into their earnings estimates. *(Was less than a yr-ago that group was predicted to log 20%-30% earnings growth. Now estimates suggest that most names will be lucky to produce any yr/yr growth at all.) Next Previous