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To: BigBull who wrote (41703)4/6/1999 7:28:00 PM
From: Crimson Ghost  Read Replies (1) | Respond to of 95453
 
Bull

Perhaps the street sees $15 crude because the price of gasoline has been artificially inflated by refinery shutdowns. Perhaps that is also the reason they are valuing OSX at what would be a fair price with $15 oil.

Now that OSX has corrected with crude holding up, I would not be surprised if OSX rallies when crude weakens. The bad news will then be out and it will time to buy again.

Crude and products off about 1% om access in the wake of API report.



To: BigBull who wrote (41703)4/7/1999 12:55:00 AM
From: Douglas V. Fant  Read Replies (1) | Respond to of 95453
 
BigBull, OS and E&P stocks will go up and down, but IMO the overall trend is upward from here. As I noted a couple of months ago OS and E&P stocks are not tech stocks. They do not move like jackrabbits- more like elephants. But once they get up ahead of steam they move for a long time in that direction- for years actually....