Canadian Position Trading-looking for technical breakouts. Message Board

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Gold/Mining/Energy : Canadian Position Trading-looking for technical breakouts.

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To: Shack who wrote (99)	9/20/2000 9:56:09 PM
From: Shaw	of 128

Just chatting with a friend of mine re: oils. He is incredulous that oil cud rise ~$2/barrel over the last couple of days and many seniors are down today. He bought calls in..... chit, I forget which one (mental block). His reasoning is sound, imo. People seem to be believing the rise in oil prices will be very ST so there is little follow thru. He's taking a chance on some 2 month calls, thinking the price rise may be MT or LT and people (analysts/institutions) will wake up one day and start buying aggressively. Could you imagine the gold price rising like oil has and stocks like K, TVX, and even ELD languishing. Sheesh, they almost doubled last September when gold went up $20 in a week! I gotta make myself an oil PFolio/ticker but my screen size is getting too small <g>

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