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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: Junkyardawg who wrote (17095)	3/14/1999 11:14:00 PM
From: mph	Read Replies (1) \| Respond to of 90042

dawg: It's very funny. When I saw your initial post about DD, I absolutely knew you were looking at an oil service sector stock. IMHO, the basic reason for the discrepancy you cite is that the sentiment is just not there and it will take oil prices rising and staying above $15 for an extended period before the sentiment changes. Right now there are investors, and maybe some institutions, dipping their toes in, but I doubt that the sector will actually recover its past glory in less than 2-3 years. It's a value play for those with a longer term horizon. For the shorter termer, there are certainly opportunities, but these are less concerned with the fundamentals, then news, like the upcoming OPEC meetings. You might want to check out the Invest/LTD thread and look at posts by THean Yeoh, or the Strictly Drilling thread, which contains an ongoing discussion of the sector. See Big Dog's posts in particular. He knows the industry. All IMHO, of course. mph

To: Junkyardawg who wrote (17095)	3/14/1999 11:16:00 PM
From: Esway	Respond to of 90042

needed to be buying in the oil sector 3 weeks ago before the run of last week. IMO look for a pull back after the Dow hits 10k. Some stocks you might want to look at Dawg GLM<FLC<RIG<THMAR<GIFI<DO<RDC. For myself I hold GLM,FLC,RDC. IMO a good entry point for GLM is below 8.25, FLC below 6.25, RDC below 10. Good luck and have fun with it!

To: Junkyardawg who wrote (17095)	3/15/1999 7:17:00 AM
From: Rich B.	Respond to of 90042

A relative of yours, Big Dog, is the man in the oil services. He writes a newsletter every week. Check out his site - loosbrock.com In the last newsletter he basically said don't get faked out about oil cutbacks by OPEC. Price of oil needs to be up and stable for awhile before stocks really move to there real value IMO. Rich