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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 (17096)3/14/1999 11:16:00 PM
From: Jeff O'Brien  Read Replies (1) | Respond to of 90042
 
Dawg,

You may be right on EGEO. For a short term play, it could be very good. I can't say about long term. I guess it depends on the oil situation. It made nice moves last week on increased volume. I may play it myself. There's obviously not much downside risk in it.

Jeff



To: Junkyardawg who wrote (17096)3/14/1999 11:19:00 PM
From: nokomis  Respond to of 90042
 
Dawg - the last few days has seen the entire sector rise (on OPEC news)...being a Canuck, I can tell you there are hundred like this one...all undervalued. Most of them have popped in the last few days..yet there is no guarantee oil prices will continue their uptrend. It's a very volatile sector right now and things could slide as quickly as they've risen.

Thousands of resource investors would agree with you however..it's time for a rise, but we have this inventory problem to contend with first.

JMO

Off to bed now,
NOK

Good luck tomorrow!