Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: PartyTime who wrote (43968)	5/5/1999 10:25:00 AM
From: articwarrior	Read Replies (1) \| Respond to of 95453

As Slider said a head fake is about due. A quick shift by major funds to lock in profits then get in at 2-4 points lower for the next rise is a logical conclusion. If your trading then trade but if your long enjoy the show and set those limit buys quickly cause the next run will be awesome. FWIW I don't believe we will see much in the way of "cheating" this early into the game. Two suppositions support this theory. First consider the recent scars from the debacle of 3 months ago. No producer of oil wants negative cash flow and when compliance with cutbacks shows this quick a positive response it gives the warm fuzzy reinforcement needed to keep in check with cut backs. Communication between OPEC and non-OPEC producers has been on par the best in decades. Folks we are headed up and those Oil Service profits are within 1 or 2 quarter posts away. I don't see oil below 18 per barrel. This will be the bottom line from here else panic among OPEC and quick fixing. NAT GAS is the word of the day...if you don't have it get it fast cause it is going to rip! Good trading all Position VERY LONG with aggressive hedging