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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 (35862)1/26/1999 4:19:00 PM
From: S. M. SAIFEE  Read Replies (1) | Respond to of 95453
 
Marc,

Buy high and sell higher could be very risky at this point, if you are talking about high tech or internet stocks. Trading in the oil sector should be relatively easy, you sleep better at night if you carry long position over night compared to high tech sector. Oils price should average above drilling cost sooner or later. Unlike precious metal what come out of ground (oil) is depleting commodity so the glut will eventually disappear.