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To: Crimson Ghost who wrote (39599)	3/11/1999 12:07:00 PM
From: SliderOnTheBlack	Read Replies (4) \| Respond to of 95453

George; XOI outperforming the OSX because it should here ! why ? Because the E&P companies get to keep the CASH immediately ! as they pump it and sell it - they will realize this move in actual realized bottom line profits ! - Don't forget it is the E&P's/Big Oils whose Cap Ex budgets determine - when and if the OSX stocks get to transform this move in OIL prices into real earnings. - do NOT dismiss this point ! I am buying MRO here, ARC outran me - like micro cap E&P's that got obliterated on this selloff and pure play Nat Gas stocks. This is why I am 75% into E&P's right here and only 25% into OSX stocks - and those being high leveraged stocks and laggards. WARNING: be carefull - friday is a classic selloff waiting to happen in the OSX - but the XOI will hold much better imho. We have risen to levels in the OSX in ''some'' stocks (still bargains - be smart here-buy value) to where any realistic expectation of future earnings are entirely priced in here - there is not much upside and a lot of downside nearterm in a few of these MO-Mo's not all, but many... The reason we will blow off Friday perhaps is that now - the news is coming down to Earth on the OPEC front - It appears that only 300,000 boe of cuts have been approved folks ! 300K - this will NOT make for happy campers on the Street ! OPEC is merely talking about 1 1/2 Million to @ Million in potential additional cuts. IF they leave with only a 300K cuts - we will blow off bigtime - look out below ! Also, if they agree to 300K now, any hedge with another 500K, or 1 Million later - depending on compliance and Oil prices --- we also sell off imho. Only a 1 Million + immediate additional cut will keep us anywhere near here folks - just my .02 cents. I think that the Street will take profits later today and bigtime tomorrow - they will not lose their gains here to over the weekend news from OPEC. IF OPEC cuts 2 Million - to the Moon Alice - but if not; - it's back to the Dog House and no soup for you... BE CAREFULL - take at least ''some'' profits imho - save a position for the 1 Million + cut ride - but you could lose it all if OPEC headfakes us here.... do not think that the Traders on the Street have perhaps ot decided to pump this up - only to then cut our legs out from under us... Keep taking profits in stair steps on the way up & keep moving those stops up..... I know this is NOT what anyone wants to hear here ... but this 300K news is not good - watch Oil & the OSX the next hour....