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: ItsAllCyclical who wrote (84946)	1/22/2001 11:29:30 AM
From: ItsAllCyclical	Read Replies (1) of 95453

XOM looks good for a ST trade as well (earnings on the 24th) 207.61.23.98 Took a position at 79 5/8 today. Expecting either a pre- or post-earnings bounce from these levels. I take 83 or higher for a sell pt, but 85-90 is certainly possible ST. I don't consider it too risky at these levels so I took a rather large position for a ST trade. If XOM stays at these levels then it's very possible they'll announce additional stock repurchases (during or after earnings). Either way their money is buying more shares at these levels. I'm also watching UCL and OXY. OXY typically sells off after earnings. Maybe this time will be different. OXY also reports on the 24th. LSS reports tonight after the close. Added a little more TAM at 12. Will be interested to see how MVK, NSS and LSS react if LSS beats estimates.

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