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To: Crimson Ghost who wrote (38424)2/26/1999 6:48:00 PM
From: VLAD  Read Replies (1) | Respond to of 95453
 
All that high tech money pulled out of the market needs a new home. Who here really believes that the analysts can predict the results of the OPEC meeting? Past performance is not necessarily indicative of future results. Asians economies are indeed showing signs of rebound. Domestic wells are being capped. Those are two important supply demand factors that are going to help swing things now to an environment of more expensive oil.

The OPEC members are really hurting and all want a productive meeting. Probably the biggest hurdle is agreeing on what are the fair base quotas on the big producers. If SA and Iran can quit cutting each others throats we should be seeing $15 oil sooner rather than later.



To: Crimson Ghost who wrote (38424)3/1/1999 10:02:00 AM
From: SargeK  Read Replies (1) | Respond to of 95453
 
George,

Your remarks: "Weakness in OSX not surprising. Many oil analysts are saying OPEC will NOT cut next month. Whether correct or not, that is what people on the Street believe, and that is why they continue to dump OS stocks at firesale prices.

Bottom probably will be in place soon, but could still be well below current levels. And nobody can now say for sure whether the final trough will be followed by a huge rally or a lengthy base building period."

I do not regard such negative remarks as bullish. I call it "fence sitting" so when events prove you wrong, you may respond that you were bullish all along; as you just did.

K