Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Dwight E. Karlsen who wrote (12498)	2/23/1998 9:15:00 AM
From: SJS	of 95453

I made the comment to BD in light of the drop in Brent crude price of .60, and the high correlation of oil prices with the OSX, and consequently oil service stocks. I think we'll be cheaper first, and then move up. The charts don't factor the market's relief regarding the Bagdhad trip. They have no way to know about that. There always is risk. I just didn't want him to put on a big bull spread with options in a market looking and feeling like it's going down (or a least thinking big-time about it). See post 12530 for a confirm of what I wrote last night. Do what you need to do, though. IMHO, and usual disclaimers apply.

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