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Microcap & Penny Stocks : Microphonics Inc. (mrps) -- Ignore unavailable to you. Want to Upgrade?


To: learnstocks who wrote (3495)3/11/1999 4:34:00 PM
From: Jon Scott  Read Replies (1) | Respond to of 8189
 
Well, as a matter of fact, the local Prince, Sheik and King conference was held here just last week and....
You may be right, but the gas lines happened before.
With the environmentally conscious of the 70's now at the helms of their VERY big and VERY gas guzzling SUV's, we are more at OPEC's mercy than ever.



To: learnstocks who wrote (3495)3/11/1999 11:01:00 PM
From: Bill on the Hill  Respond to of 8189
 
***** Off Topic *****

I am moving some of my investment portfolio into oil service industries. Today I bought more TMAR, bought a position in HMAR ( they transport crude and chemicals ), GLM and passed on GLBL. Watching VTS very close.

The OPEC meeting which is being held will decide the fate of short term oil prices and futures. Domestic production is down and storage is being drawn down. With a cut by Venezuela and an agreement the movement into oil stocks will continue. In my opinion that will trigger a resurgence of service sector prices which could move gradually as they have begun to and then catch momentum going into summer. With that a 25% to 50% return on investment looks like a given.

I don't want to miss it and have begun to get onboard. If OPEC cuts fail to materialize then my call is wrong and the rise does not happen and I could lose 15% - 20% at worst. Once again for me worth the risk.

Sorry about this on the MRPS thread I just thought a little of topic would not hurt tonight. Short term still bullish on MRPS and glad to be onboard.

Bill on the Hill