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: Archie Meeties who wrote (64430)	4/12/2000 6:26:00 PM
From: ItsAllCyclical	Read Replies (1) of 95453

Heavy call buying in PXD as well in scattered strike prices/times. PXD normally has very little call buying so it's noteworthy imho. quote.cboe.com This kind of call buying is typically institutional and usually means an issue is significantly underpriced. OT - I thought the tech selloff was close to being over, but I looked at CSCO and a few others and we could still lose 10%+. I think we'll get it back pretty quick, but it could get ugly tomorrow in tech land. I would guess we'll get one hell of a dead cat bounce when this thing is over. Many of these issues are down 50, 60, 70%. It should be pretty easy for them to bounce 25%+ once the dust settles. Any ideas? Send them to my Private Mail Box. I still like NITE, but if it breaks 38 it'll go back to the low 30's again.

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