Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: jimsioi who wrote (25198)	1/9/2003 8:05:26 PM
From: Murray Grummitt	Read Replies (1) of 36161

Interrestesting about NEM options. Over the last 6 mo. one could have profited nicely buying PUTS when the stock traded over $29. Seems to be resistance over $30. Any ideas why? Chart now indicates distribution relative to 20 DMA, STO @ 20 moving down and closed below 20 Day EMA again. Quite bearish considering the POG. stockcharts.com[w,a]daclyiay[dc][pd13,2!c20!f][vc60][iut!Uf!Up14,3,3]&pref=G MG

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