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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: Pierre who wrote (10710)	3/18/1999 10:02:00 AM
From: Minos	Respond to of 43080

Pierre, Check out the strictly drilling thread...all you need to know about oil and more. In my own opinion, the drillers and other oil stocks might be dangerous shorts right now if the US has quietly changed policy and put pressure on Saudis to orchestrate production cuts to quell potential instability in oil producing nations. Also, is Asian demand finally on the rise? API numbers indicated a larger than expected drawdown of reserves. And finally, summer driving season just around the bend. With that said, all the oil longs have been fooled before...who's to say it won't be again. My personal favorite is UTI...good bang for the buck. good luck, -Minos