SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?


To: Gary Burton who wrote (39771)3/12/1999 11:48:00 AM
From: Think4Yourself  Read Replies (1) | Respond to of 95453
 
We will keep rising at least until the 23 meeting. Remember, Oil related stocks are still WAY undervalued relative to the rest of the market! Also, we already got a "bonus" cut when Venezuala came into line recently. Don't think they will (double) count that again, although they might. I get a kick out of the folks who are shorting now. Hope they are at least hedged, for their sakes.



To: Gary Burton who wrote (39771)3/12/1999 12:06:00 PM
From: SliderOnTheBlack  Read Replies (1) | Respond to of 95453
 
Trading aside; we will see OSX 72ish+ if -

If the cuts are immediate and take place April 1st and are at least 1.5 Million boe.

Run a search on stock prices here versus #1 their high on the Jan post tax loss selling ''pop'' and #2 their highs on the Sept-Nov run ups.The fundamentals are better on 90% of stocks now - with this OPEC deal than they were on these prior run ups. If the deal receives good support - we will see those highs in many stocks; good opps for buy & holders and for traders.

Imho; Lots of 50% moves and some ''doubles'' in laggards. Some high flyers are pricey - but there are screaming buys out there.

I have limit orders to both buy and sell here - I will not fail to lock up profits on ANY major moves in the oilpatch - ''ever again.'' But also - I am a buyer for value and stocks with proven upside - Give me FGI in the $12's on a dip; GIFI UFAB on any dip, FLC - load the boat on a dip to $6's etc.

I bought GMRK today and will add to OMNI continually here. HLX is a gift as well...

This weekend the Street will ''digest'' this news - it will create good buying opps maybe in the last hour today and on any dips post monday. While I am taking profits on peaks, I am buying dips and laggards here and will turn on the ''MARGIN" switch as this news/agreement gets digested - we have major upside in many, many stocks ! OSX 72ish - with no problem if the Street like the OPEC deal.

I have to go for the day; - trusting my limit orders <VBG>...

good luck



To: Gary Burton who wrote (39771)3/12/1999 4:10:00 PM
From: John Carpenter  Respond to of 95453
 
All right, which one of you guys sold 42,300 shares of RIG
at 26 at the close? Was it you Gary?