AI
Thursday, November 03, 2005 6:00:01 AM
Oil & Gas have dropped off their highs, and stocks also dropped back some. BUT, the sector is showing real strength probably due to the blowout earnings being reported. Watching the daily price of O & G pulling back, but the sector is in the green. I think oil at $50 or above and gas above $10 will keep the sector strong. I also think most of the companies are still using $40 oil in their projections. Check the five day chart.....
Cash is King until further notice!!!
My comments on companies are usually my opinion of long term success (years). The PPS may go up or down greatly in the meantime depending on the number of greedy suckers with money.
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