To: The Ox who wrote (45716 ) 6/1/1999 11:05:00 AM From: SliderOnTheBlack Read Replies (3) | Respond to of 95453
< Buying opp or down trend? > - buying opp ! time for margin folks... This is ''the'' correction to let bottom ( 63-68ish - perhaps) and buy the living daylights out of imho.... If OPEC does their job - and I had my doubts; (but I acknowledge that all signs point to strong compliance) this could be the last real blow off opp to make some ridiculously cheap longterm buys and play some 40-50% bounce play -trades.... RIG - no brainer; be at least 1/2 in here NOW - sit for 1/4 at $20 and save the final 1/4 for an armageddeonish $17-18 if seen - or add on the upturn. Send the kids to college when RIG see's $50-70 in a upturn Oil-Bullrun GIFI - sub $10 - gotta load here and sit for $8ish if they run it down. ...stops getting run today; hedge funds & traders having their fun; trust me - the Street badly wants to rotate another chunk of cash into the Oilpatch - but they will lean hard on her before they do - don't fight it here... let it run it's course; pick up some no brainer's like RIG etc. - be a stock picker; let it run its course and then load the boat. We may see a couple of days before we bottom - but, we could also turn on a dime - so don't miss the must buy's like CRK & RIG waiting for better prices - get at least ''some'' here . The rig utilization trends are moving in the right direction - slowly, but in the right direction. We in the USA will have a huge driving-summer travel season. Gasoline demand will be strong in the US - buy these API sell offs imho. CRK - a gift from GOD - I'm busy, won't be posting much for a week or so - anyone wanting a near pure-play natural gas no-brainer; load the boat on CRK - it is a no-brainer double in time - do it and be 75%ish in today at these prices... get it done. I can't imagine we dip below OSX 63ish here.... no cause for panic - I'm smiling and now hoping to be able to buy some old fav's back that I traded out of earlier. C'Mon GLBL, VRC, DO, PTEN-UTI,CXIPY, SCSWF,CAM & WFT - come to Daddy (VBG).... ... I think I made my point of FLC as well (VBG) - but I will add in the $7's and load - yes, I will load the boat at $5 (not likely to be seen...).