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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: Fargonaut who wrote (3504)	3/14/2002 4:08:50 PM
From: Mannie	Read Replies (2) of 5205

Hi Fargo, Yes, OIH does follow the price of oil, but also fear of Mideast tensions, and an improving economy increases demand for oil. More than anything though, I was looking for an issue to get to know very well for a considerable amount of time, ...years. Oil is obviously a limited resource than will become more and more valuable over time, so I feel that will give OIH an upward bias than one can play for a considerable time. That's the plan anyway. I am no charting guru, but it seems that the price of OIH follows the stochastics very closely. stockcharts.com Scott edit..I looked at your profile and see you are a fellow Husky. cheers.

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