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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote (29735)11/15/1999 5:24:00 PM
From: Al Serrao  Read Replies (1) of 50167
 
Uncle, we will wait for the 16th and see if transports hold above 3200. If this holds you may wish to look at BAB and UAL.UAL may be purchased here at 67 with a close stop at 64 a double bottom sell. Oil hits a new 34 month high today. I believe these oil prices can only last long enough for the oil producers to square away their bank lines of credit. This was nothing more than another surcharge for the American consumer to bail out banks in trouble once again. As soon as the banks reduce this exposure and build up additional reserves for these debts, we will see oil drop. It would also signal the time to take money off the table on TMX. Best regards.
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