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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: j g cordes who wrote (15378)	5/4/1999 12:26:00 PM
From: Ditchdigger	Read Replies (1) \| Respond to of 29382

Hi Jim,,I do believe crude needs to retrace some,,but lets not forget gas and shallow water drillers(Like FLC and PKD to a smaller[much<g>] extent)..These sectors got killed over the last 2 years..As you said the OSX really got whacked and is still half of what it was at the price of oil currently. Throw in a little flight to quality,,ie. assests,and the potential future earnings and it really mixes things up. So the question, how far will the OSX retrace on retracement in the major oils..is a good one indeed<g>..we shall see,I have close stops...SLB and HAL have been repelled from 66 and 45 convincingly,,hoping for the trickle down effect to lower priced stocks..DD