Tom Dorsey Q&A Message Board

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Strategies & Market Trends : Tom Dorsey Q&A

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To: NightClub who wrote (76)	3/11/1998 10:55:00 AM
From: Ms. X	Read Replies (2) of 102

Hi Tom, Jump in any time. Glad you are joining in. You did good on the drillers last summer. Sounds like you got out before the sector turned. We were talking about oil stocks, Jerry and I. I was posing the question of leaps because the sector has been beaten up. It is around 50% and obviously off of its highs. I thought a leap would work in this instance since the oil sector is sure to recover within that time. Tom Dorsey opened the converstation of leaps with PFE. He like the way the company was performing plus they have a new drug that is supposed to bring in great profits. He also brought up INTC because it had pulled back to support when it fell last week to 75. He said either buy the stock or buy a leap. There isn't any hard fast rule to buying a leap but as always, every stock goes through the P&F blender to see what comes up.Personally, I would look for strong fundamentally sound stocks in a low sector that have pulled back to support or that has been making higher bottoms. I would think that would give a good position on a leap. Oil Services would be a good candidate for leaps. HAL has been trading above its trend line, SLB is all over the place and BHI Idon't know of off hand. Check out RON, they look pretty good. I'll have to recap the oil services to see what is going on, I'll try and do that today. Take care and I'll work on the oil services, Jan

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