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: A. Geiche who wrote (37477)2/12/1999 4:15:00 PM
From: VLAD  Read Replies (1) | Respond to of 95453
 
AG,

The way to make money in this market is to buy low and sell high not sell low and lose all your money.

Those who believe things will turn around and are willing to step in and buy in a big way will be making some serious money. It can happen in as little as less than 2 months if the Saudis quit being such greedy cut throats and realize that they are causing a lot of suffering in many of the poorer oil producing nations. I believe that if the Saudis don't agree on cuts and oil prices continue to lag in sub $15.00 levels, it will create civil unrest in some of these countries that desperately need better oil revenue. And that IMO is when the US will step in and tell the Saudis to turn down the well taps.