Pilobolus Equity Research: Update: Re-iterate BUY: Oil Service ETF (OIH 148.15) is breaking higher from range bound action

Wednesday, December 6, 2006

Update: Re-iterate BUY: Oil Service ETF (OIH 148.15) is breaking higher from range bound action

The oil service stocks are rallying higher. In my previous Buy recommendation (dated Nov 28th), a buy stop was placed @ 141.07. Since that time, the Jan '07 Crude Oil contract has been climbing higher from its bottoming action lifting the oil service names including the OIH ETF(148.15).

About Pilobolus Research

Seth F. Wolff
A ten year institutional market strategist formerly with IdeaGlobal & Charles Schwab (Cybertrader Corp) advising institutional clients in the equity,commodity and fixed income area, with prior roles in institutional research sales in North America. Seth has also appeared in media coverage including Dow Jones and Bloomberg. A graduate of the University of Arizona with a B.S. in Finance and continuing studies at NYU Graduate Business School, Seth has also been a member of the Market Technicians Association (MTA) since 1990.

Disclaimer: Pilobolus Equity Research obtains information from sources deemed to be reliable; however, Pilobolus Equity Research does not guarantee the accuracy of any of the information or commentary provided. Pilobolus Equity Research makes no warranties, expressed or implied, as to the fitness of the information for any purpose, or to results obtained by individuals using the information. In no event shall Pilobolus Equity Research be liable for direct, indirect, or incidental damages resulting from the use of the information. Pilobolus Equity Research shall be indemnified and held harmless from any actions, claims, proceedings, or liabilities with respect to the information and its use.

Pilobolus Equity Research

Wednesday, December 6, 2006

Update: Re-iterate BUY: Oil Service ETF (OIH 148.15) is breaking higher from range bound action

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