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Pastimes : Let's Talk About Our Feelings!!! -- Ignore unavailable to you. Want to Upgrade?

To: Sidney Reilly who wrote (31880)	3/1/1999 10:36:00 PM
From: Dayuhan	Respond to of 108807

TA might be useful in predicting swings in stocks that are emotionally driven, but oil stocks will only respond to a shift in oil prices, which TA will not predict. I'm buying them because they are dirt cheap - TCMS is selling at 1/5 of book value, pretty impressive in a company with 78% revenue growth in the last year - and because I think it very likely that at least one major producing country will experience major political unrest in the next year. The producers are in a vicious cycle: their income drops, they boost production, prices drop more. Many of them are used to subsidizing their populations with oil revenue; they can't do it any more, and the populations don't like it. What would a coup in Saudi Arabia do to oil prices?