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To: Gary Burton who wrote (40954)3/26/1999 11:15:00 AM
From: SliderOnTheBlack  Read Replies (3) | Respond to of 95453
 
Gary; like the 20% move in OEI in a week ?- lots of E&P's still cheeeep

I see a breakout here - we've had lots of backing and filling; upgrades will be the fuel to fire a move to OSX 72-4 and I agree that nearterm 77-80 will be a test... I still will take profits on this OSX 72ish/10% + move here , but I will not close out positions entirely - but, rather will lock in gains and rotate into the E&P's like the OEI's and some laggard's.

On any retracements; DVN, or NBL (expecially if BR is bought out) looks good for a conservative mid cap E&P play with good Institutional following. KMG in integrateds (allready loaded with MRO), XTO/EEX for a higher risk/reward play, MLRC for a longterm reserve growth play and how about that RRC breaking out over $3 on high volume.... this ''porker'' has legs... and maybe 9 lives... see you at $6/7 on this one... I'd love to add Apache on a dip - but don't see one coming... Anadarko is out of sight... but many, many ''rotation'' ideas out there for OSX profit taking/rotating...