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

To: RealMuLan who wrote (43954)	5/5/1999 9:51:00 AM
From: The Ox	Read Replies (1) \| Respond to of 95453

Weakness across the board this morning. Anyone have the latest futures prices? Last I saw oil was down like 27 cents...

To: RealMuLan who wrote (43954)	5/5/1999 9:53:00 AM
From: stan s.	Read Replies (1) \| Respond to of 95453

Nice early move on OIL after crushing earnings yesterday. 12 5/8 is the trigger line (double top break of res. on a closing basis), a close over that point and it looks good. cbs.marketwatch.com

To: RealMuLan who wrote (43954)	5/5/1999 9:56:00 AM
From: SliderOnTheBlack	Read Replies (2) \| Respond to of 95453

''June"NYMEX falls .69 cents on good OPEC compliance -go figure(VBG) ! ...and we were going to $20 + ???? Logic vs. Emotion ie: Is $18 Oil - a ceiling, or a floor.....? While the Crude selloff is blammed on rising US gasoline inventories and questioning of US Summer Driving Season demand; don't buy that "BS". It isn't about US gasoline demand - it is about; ''too far too fast'' and the speculative nature of present $18+ crude prices. US gasoline demand will be just fine - and they know it !.... too far - too fast is the mantra. If this ''great news'' is met with a selloff in Crude Prices and another ''Red'' open for the OSX - what do you think is going to happen once both Crude Futures Traders and OSX stock holding Institutions start looking at locking in and ''protecting'' these huge gains ? If ''this news'' is met with a selloff - especially in forward futures contracts; what will any disappointment in future OPEC compliance, or actual CHEATING bring ? ...use logic, not emotion here....and once again: Who is ''really'' GAMBLING here - the profit takers, or the hold 'em crowd ? PS - ''knock - knock'' - I'm feeling less resistance behind that door once again ! - don't let the Institutions sneak out the back, while your left holding the door (the bag - vbg) !