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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?


To: SliderOnTheBlack who wrote (42282)4/15/1999 3:29:00 PM
From: still learning  Respond to of 95453
 
I think you're underestimating the flow from tech and speculative internets to safer havens like cyclicals.

Even w/o news, oil may hang tough thru May OPEC reporting.



To: SliderOnTheBlack who wrote (42282)4/15/1999 3:32:00 PM
From: BigBull  Read Replies (1) | Respond to of 95453
 
Catalyst? Well aaahhh er ahhhhh hmmmmm. Gee, how about crude cracks $17 a barrel. Now Slider don't kick my butt too bad, I'm just taking my cue from our favorite Canine ----- "It's the price of oil, STUPID"

BTW, I wonder when the mighty one will get out of that yellow jumpsuit he's wearin' and put on the ARMANI GREEN! <GBG>



To: SliderOnTheBlack who wrote (42282)4/15/1999 10:39:00 PM
From: articwarrior  Read Replies (1) | Respond to of 95453
 
"I remain unconvinced that a short-term correction is not near - when has the Street
not retraced during earnings reporting of late ?"

Momentum of the OSX may be maintained due to the instability of the whole market. Advance decline line for most stocks has been horrible. Few big boys leading the DOW ever higher without basing from most others. This all adds up to a large fall in the DOW into the 8000 range. The "Street is nervous as a kitten on a high wire" Even Buffet has been heard to say that US stocks are Fully Valued and he turned to the Brits for his next buy....
Too much instability with such great valuations in the patch naw I think the retracement has been made...Don't see a drop of more than 5% more from here at best.
But Slider I hope we do see dips...Almost had TCMS at 2.75 MAN was I mad when my order didn't get filled! This stock is valued at 11 for book value! So yeah I hope your right but think not.
Oh yeah OIL seems to be making some headway and preparing for another pop. Gee why buy back stock at this stage of the game?....
Hmmmm I can think of a very good reason.... Anyone want conjecture?

Can anyone reccomend a good futures broker...It is time to set up for the mega climb in oil prices.