SI
SI
discoversearch

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.
Politics : Welcome to Slider's Dugout
GDX 32.76-1.5%Jan 26 4:00 PM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: anyer who wrote (248)7/23/2005 10:28:10 AM
From: anyer   of 41499
 
part 4:
Overall, the various components within the oil sector have earned Schaeffer's Equity Scorecard rankings indicating they still have some room to run. Not only do both the OIH and XLE rate a 7.0 out of 10, but the average score for individual stocks stands at 6.5. With several of the indices and ETFs testing key support levels and pessimism lingering near extremes, the oil services sector could prove to have a few pockets of strength left within it.

I'll end with some insight from market guru Jeremy Grantham, who said in a Financial Times piece on Wednesday that oil has undergone a paradigm shift rather than experiencing a bubble. He concludes that those who want to short the sector "should not be frothing at the mouth until it hits about $80." That's about 40 percent more than current prices.END

IMO bull will not end until shorts capitulate.Don Coxe says that those who see a bubble in oil must be like Hannibal as he crossed the alps and kept seeing peak after peak.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext