SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?


To: Platter who wrote (33646)12/28/1998 9:10:00 PM
From: Gary Burton  Read Replies (1) | Respond to of 95453
 
Platter-The OSX dropped 8 pts in 4 days in mid Dec. The current low is 45.53. 8 pts off today's close would be 42.55, which is close to the upper band of my target (41.75). We could do that fairly easily with bad eps news from the majors. Oil for eg could backtrack say 75c-1.00 starting tomorrow at the same time as poor eps are digested. I did NOT say 38.50 was my target. Anywhere in the low 40's plus SLB printing 40 could do. I do agree with others here that it won't last. Where i differ is that I think it will likely take place.