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To: Fredman who wrote (30687)10/14/1998 1:07:00 AM
From: The Ox  Read Replies (3) | Respond to of 95453
 
But do you think the Oils will be at these prices in 1-3 years ?? <eom>

Doubtful, that's for sure. Still, I don't want to own these companies today, if they will be significantly lower in the future. While this may seem incredible, due to the fact that many of these companies are so incredibly far from their recent highs, I still am not at all convinced we have found the bottom for this sector.

I am patient enough to wait for more weakness and not overly concerned if I miss the absolute bottom. I certainly don't want to do what so many on this thread have done and buy too early and watch my assets disappear!

Best of luck,
Michael