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: Olaf Koch who started this subject	4/18/2001 9:46:51 AM
From: SliderOnTheBlack	Read Replies (3) of 95453

OSX trading opp ? I sold all my "common" at the open today in Oils... I'll continue to hold some out of the money - far out "Calls" for upside leverage; but I think we get to buy 'em all back; a little cheaper here as the API's are going to be a catalyst for large institutional investors who still may be bullish to "at the very least" trim their holdings here imo and there WILL be some Institutional holders who WILL exit permanently on these storage levels AND there WILL be "some" degree of mo-mo money leave Oils for Tech.... hence; the odds certainly favor dumping & waiting to buy back cheaper. Oddly; most stocks opened up a bit this am; albeit briefly - I dumped it. NOT - a shorting opp here imo; but a trimming opp & I like only holding far out & out of the money calls - limiting & defning downside & minimizing cash & capital outlays. Call me MR. Neutral... I laid out some fishing line-limit buys & I'm taking the day off ~ See Ya~

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