Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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: Thean who wrote (37076)	2/8/1999 8:23:00 PM
From: marc chatman	Respond to of 95453

OT <<SD today is so different from the open-minded bunch when we were there I find it totally pointless to put forth a counterpoint on that thread. Haven't posted there since this thread began. Too much in-breeding I'm afraid.>> I had thought you were above such petty comments, Thean. Whatever works for you, I guess.

To: Thean who wrote (37076)	2/8/1999 9:43:00 PM
From: John Carpenter	Read Replies (1) \| Respond to of 95453

Thean, I agree with your prognosis for the oil-service/drilling sector. Dead money at best. Slow decline at worst. John

To: Thean who wrote (37076)	2/8/1999 10:24:00 PM
From: paul feldman	Respond to of 95453

What about the huge venture just announced in Nigeria. 8.5 billion to be spent .

To: Thean who wrote (37076)	2/8/1999 11:09:00 PM
From: Ahmed Elneweihi	Respond to of 95453

I wish making money in the market is as easy as you say. I believe that when the news come out that majors started to increase their exploration budgets, that would be the time to sell not to buy. The market never makes so easy for any one to make money. It is a game of buying in anticipation and selling on realization. Just look into the chart of SLB. If it goes any higher from here, it would have broken a head and shoulder bottom formation which is very bullish.

To: Thean who wrote (37076)	2/9/1999 12:12:00 AM
From: Razorbak	Respond to of 95453

Thean: Long time no see. Nice to see you posting here again. Razor

To: Thean who wrote (37076)	2/9/1999 9:09:00 AM
From: SliderOnTheBlack	Read Replies (2) \| Respond to of 95453

MeThinks thou dost protest too much, fwiw... << Too much in-breeding I'm afraid. When no one dares to vote support for a minority idea, you know that's the wrong place to be. >> ???? seems to be quite a lot of dissenting opinion - while John C & PapayaKing among many; may be ''needled'' here on occassion - don't think they are exactly ''flammmed'' ? Also, don't see/hear their knees ''knocking'' when the venture into this ''den of inequity'' <VBG>. Does someone need to grow a spine, or what ? What type of ''votes'' is this guy looking for ? Is he running for office <VBG> ? Need more ''ego-stroking'' than serious traders and non-lemmings would deliver ? Desire only innocous lemming worshipers ? Sorry; won't find many ''Kool - Aid'' drinkers here... if this means we are ''inbred'' or don't support a minority idea ... Actually; why should we be expected to ''support'' a mionority idea if it is wrong, or we disagree ? Shouldn't he mean accept and not ''support'' his right to ''post'' a minority idea - why should we be expected to ''accept'' it ? Does that mean - never pull the curtain back on the ''Great and Powerfull Oz'' ! ??? Never expose that the little ''emporer'' is wearing no clothes ? Okay; I think I get it - let chicken little yell the sky is falling; but don't you dare - ask why ? - ''It is - because, I said it is''... unbelieveable....simply Hubris/Chutzpah to ad infiniitum... As far as accepting minority ideas - I think they all ready are. Curious as to if this ''philosophy' classifies one as ''inbred'' <VBG> ? We can go lower (threre, now are you happy !)... however; this sector does NOT trade on current fundamentals. Never did - never will. It trades on the future expectations of fundamentals & crude prices. That is why so many people have profited so much, on what is now potentially our 4th run up of 20-30-50%+ in these stocks since the total market selloff in Sept. PS - hello; the proven profitable technique has been to buy into these steep selloffs, be it tech, Oils or whatever. Predicting the world is coming to an end, digging an Earth Cave , shorting at the bottom - waiting for DOW 2000 and buying Gold; is EXACTLY what has NOT worked ! - maybe this is the real reason why ''some'' are afraid to show their face/post here - total lack of credibility ? The consensus presently is that if one indeed buys at the bottom (clearly defined 4 times in 5 months via a ''quadruple bottom'' ) at approx. OSX 45-50; this is indeed a prudent buy & hold level. Also, if one desires to ''trade'' this sector as many of us do, and indeed are in consensus - that that this is actually ''the'' thing to do; then this now ''4th cycle'' of OSX 45 to 60-70 is indeed another opportunity to profitably short term trade this sector. One can not buy OSX stocks ''cheap'' with positive fundamentals. If one desires to own these stocks ''cheap'' a certain degree of ''calling a bottom'', or market timing must exist; but after all, in all fairness - doesn't every trade, either short or long, involve some degree of timing, or the calling of a top, or bottom to some degree ? If one wants to jump on the bandwagon AFTER the fundamentals are clearly established; not to mention the shareprices <VBG> - then to each their own... if ''someone'' thinks this is the road to riches, or even market outperforming results - ohhh well <VBG> some still do believe in the Easter Bunny as well ... If ''someone'' would actually ''read'' any of the posts here, they would also know that some stocks like RIG & RON have been able to be traded virtually blindfolded; setting nothing more than gtc/limit orders - buying in the low $20's and selling in the low $30's... This has been one of the ''easiest'' rolling trading opportunities of any sector of late. While news events continue to remain mixed; both pro & con interpretations can be drawn from numerous sources, a API/IEA #'s and Industry statistic's change week to week from good to bad; as do analyst recommendations... kind of as the wind blows; sometimes one can only make money by standing up & leaning against the wind <VBG> not following those lemming so blindly... The fundamental premise of this at the worst being a great longterm buy & hold opportunity is certainly supported of late by everyone from Abbey Joseph Cohen to Michael Price, to scores of established analysts and fund mangers. That this is a very lucrative trading range, and that this sector has followed one of the easiest, most easilly defined technical trading waves - is undeniable and should be most enticing to such a self promoted, self acclaimed technical analyst. Perhaps getting crushed by the ill-timed shorting and a gloom & doom call as the market strongly rebounded to new highs has decimated not only over-inflated ego's, but decimated wallets, and obviously the razor thin skin of many... However; if Mr ''thou dost protest to much'' would keep an open mind and literally be willing to learn something and be willing to take some of this Oilpatch-candy from the Market-baby; maybe we can help him actually make some money for once ? Anyone willing <VBG> to help ? I certainly do not anticipate insulting this incredibly sensitive ego with any degree of strong contrary opinion - some have proven themselves to be so far off base that no response is needed...<VBG>. ciao

To: Thean who wrote (37076)	2/9/1999 11:21:00 AM
From: diana g	Read Replies (3) \| Respond to of 95453

Re: Noesis Predictions Hi Thean, ---you wrote <<< Noesis may have missed the actual numbers but the future trend he pointed out has been dead on.>>> I agree that George at NOESIS knows whereof he writes... He wrote this---- "... Obviously, if any or all of those companies and countries change their operating strategies, the NOESIS forecast will no longer be accurate. ..." ---and he has changed his forecast when new developments made that appropriate. I agree that if there is minimal Asian (or other) demand growth, and no production reduction, then oil price recovery may well be far off. But that's a big pair of 'Ifs', I think, and we must take into account that the market looks forward quite a distance, and that other market segments prices will affect the attractiveness of this sector. <<<Off Topic>>> --- I think differing opinions are generally welcome here. Personally, I very much want to read the opinions/ideas of all positions - long, short, and sideways - provided they are based on reason and on fact. I think you raised some hackles with the in-breeding comment and the tone of thread-bashing in your first paragraph, but I'd bet your ideas would receive respect and civil response here otherwise. I challenge you to post here a few times and see if the response to your ideas isn't worth your trouble. I'm sure we here would profit from your input. regards, diana