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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?


To: marc chatman who wrote (35535)1/21/1999 9:56:00 AM
From: Platter  Respond to of 95453
 
Oil up 25 cents at $12.12, OSX up 1.77 points and Nasdaq DOWN 50 points!!!!!!!!I said it...sector rotation...Brokerage have reduced their margin requirments to buy other stocks and stopped margin purchases of Internut STOCKS.



To: marc chatman who wrote (35535)1/21/1999 10:02:00 AM
From: Platter  Read Replies (2) | Respond to of 95453
 
Schlumberger Ltd. (SLB) : major oil services company posts a Q4 net of $0.50 a share, in line with the First Call estimate, vs year-ago net of $0.7 a share; From Briefing.com



To: marc chatman who wrote (35535)1/21/1999 12:06:00 PM
From: Crimson Ghost  Read Replies (1) | Respond to of 95453
 
Marc:

I don't know if this move is the real thing or not. And neither does anyone else I suspect. But one thing I do know. We have all been conditioned to trade this sector, not invest for the long term. None of the big rallies to date have held. But one of these days we will get the real thing -- a powerful rally that does not look back. And traders who sell quickly expecting another big pullback will end up buying back at much higher prices.