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


To: Lee Fredrickson who wrote (37505)2/13/1999 7:23:00 AM
From: VLAD  Respond to of 95453
 
Do you think we should change the name of this thread to something like?:

The life and times of Slider on the Black.

How about some discussion on Oil or maybe Oil Service Stocks?

VLAD

I never read Sliders posts anyway. They were way too long and always had the same message ie how the drillers are such a great value at these levels. Maybe if Slider stays away for a while the entire sector will show a sharp recovery.



To: Lee Fredrickson who wrote (37505)2/13/1999 9:39:00 AM
From: Crimson Ghost  Read Replies (1) | Respond to of 95453
 
Now quite obvious after recent horrible action both in the OSX and the overall market that we are getting close to a final selling climax in the OS sector. Volume in industry leaders SLB and HAL was very low on Friday, signalling more downside ahead as weaker players continue to get slaughtered.

The OSX bear has entered its final stage and should be over shortly, but not until we have hit new lows and volume picks up dramatically. Gary Burton's OSX projection of 40-45 looks to be right on the money. I doubt if there will be any bulls left if the OSX decisively breaks its quadruple bottom as I expect.