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

To: LTK007 who wrote (8977)	9/22/1998 8:56:00 PM
From: Sergio H	Respond to of 29382

Max, I saw in today's news that two oil drillers came out with gloomy expectations due to the weaknes in the price of oil, this following Shell's bombshell the other day. But the oil futures keep sliding up. I understand that traders are watching the December prices as a signal. Closing price $15.67 barrel and $16.00 being the watershed mark. Other interesting stats reported today: Investors pulled as much as $9 billion more from stock funds in August than they put in, in the first month of net redemptions since 1990, according to fund data collectors' estimates. (from WSJ) First Call's earning estimates for the S&p 500 are slightly lower for the upcoming third quarter than for the comparable quarter last year. * Russell stocks were moving today. Perhaps the money that was pulled out of the market is finding its way back into the small caps. Stock watch: COMS earnings after the bell should help the high techs tomorrow. RADAF has announced its second share buyback program of the year. The newest Amigo pick, IFCI made a little move today. Not much on the vol. but this stock could be explosive. Sergio PS, nice job on TRBR.