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

To: Big Dog who wrote (39079)	3/6/1999 1:49:00 PM
From: SliderOnTheBlack	Respond to of 95453

<< if 150 is the "magic number", we got a country mile to go.>> Yup; - I would think the moves nearterm will be based on supply levels and what OPEC does and of course - the price of Oil. Earnings which will be the catalyst to the major moves - will obviously be a while coming for the drillers; but this is the number to watch. I am sure as we move to say 130-140 rates will be moving and stock prices will move in anticipation and recognition of a positive trend. The lesson is to watch these trends in indicators like storage supply levels, and rig counts and to ''get in'' or trade when the ''early'' indicators show positive momenteum. ******* only 11 trading days untill the OPEC meeting - could get REAL interesting in just 11 trading days !