InvestorsHub Logo
Followers 323
Posts 32243
Boards Moderated 22
Alias Born 12/30/2004

Re: None

Thursday, 07/20/2006 3:30:51 PM

Thursday, July 20, 2006 3:30:51 PM

Post# of 173954
The oil services sector is really getting hit today .... CFK down 1.02 to 12 .... no wonder the pullback in ALY. The index ETF, OIH is now down 21% from the high set in early May, and nearing a 6 month low. That contrasts significantly with XLE, which is down less than 8% from the high ....

The oil service sector is very much 'out of favor' right now on Wall Street, but that will change .... for the patient investor this is a good buying opportunity in OIH and selected stocks in the sector.

I welcome the weakness in ALY this afternoon to add to my position initiated this morning. I'll only be too happy to buy more in the $12's and $11's if it falls back that far .... currently still under a 2% position for me.


Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.