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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: Glenn who wrote (28537)	4/16/1999 2:02:00 PM
From: KC650	Read Replies (1) \| Respond to of 90042

Thanks guys.........I really don't know the oil sector that well either. It's just that a sweet rich old guy I know (who made his money in stocks) and I were talking stocks one day.....and he said.."I'll give you one tip..buy ESV" I had just lost a bundle in MTEI and so I bought ESV last fall and watched the trading pattern. All of the oil drilling stocks move EXACTLY the same way.....almost to the minute. Well, I started trading it daily and made back all my losses in MTEI...figuring, that if the price dropped and I got stuck there...well, that was OK, because I wanted to be there long term anyway. But...my simple understanding of the oil sector is "OIL is OIL"...<G> You know ......J.R. Euwing......Beverly Hillbillies....etc <g> So....there you have it <g> Tina