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To: Gary Burton who wrote (33645)12/28/1998 8:56:00 PM
From: Platter  Read Replies (1) | Respond to of 95453
 
Gary, For the OSx to go that low ..oil has to slip to the $5.00-6.00 area..lets be realistic here...As I said all those who wanted to sell, for tax reasons, fear of oil collapse, fear of earnings, followers of the brilliant Ralphs and Malphs,Pisssssssani's flock....these people have already sold and moved onto the Internet and tech stocks....its just us left...waiting for the new Venezuelan President to take office ..so he can restore confidence in promised cuts, us waiting for winter to come on stronger to drive oil prices higher, us waiting for those suckers who sold this month...to buy back at higher prices next month when the see the sector has "turned",us waiting for earnings in January showing that some of the better companies CAN weather the storm as oil prices begin to rise next year, us waiting for Abby to be , once again, proven right....so its just us left.



To: Gary Burton who wrote (33645)12/28/1998 9:04:00 PM
From: DavidG  Read Replies (1) | Respond to of 95453
 
Gary,

Another way to look at this sector is to see how HAL and SLB react to this news tomorrow. If they continue to drop on this news than you may be right and further drops to follow...but if it doesn't drop or possibly goes up then this sector is washed out and next week and beyond will show a continued upward trend.

...also I said HAL and SLB but I think HAL got a little ahead of itself at 33 but SLB at 47 has a lot more upside to go IMO.

Besides... too many positives coming into play such as colder weather and IRAQ acting crazy again and the OPEC players now sqealing like stuck pigs.

Thursday and Monday I will again start buying SLB calls like crazy regardless of the price.<g>

Good Luck Trading



To: Gary Burton who wrote (33645)12/28/1998 9:18:00 PM
From: BigBull  Read Replies (2) | Respond to of 95453
 
Gary: Interesting! Looking back on your posts I note that you've stated if you saw 11.7 crude, that would confirm a bottom in oil. Well, we are @ 11.46 or something, and if Cap'n Kirk is right about after hours price up another .13 then we are getting awfully close to that confirmation, are we not? You have also stated that your EWave analyses indicates $20 oil further out from this bottom. Since I am clearly unfamiliar with EWave, kindly tell me if EWave predicts time frames as well as price targets.

I don't know what the big surprise is with HALs earnings, I fully expected virtually every OS stocks pe to scream off into infinity over the next two quarters. I mean, didn't everybody but the analysts expect that and sell their stock in these cos. accordingly? If your right about OSX @ 40, so be it, I'm early, but like I said before, just get me close. Congratulations on your oil call, my friend, and keep on postin'!