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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: mishedlo who wrote (112655)7/14/2001 2:24:39 PM
From: patron_anejo_por_favor  Read Replies (1) of 436258
 
Could be, but I'm easing in very gradually. And I wouldn't buy options on the big integrated cos (ie, XOM) because they haven't come off very much. APA, APC, NBR and MND might be worth a shot for OOTM, '03 calls, but keep in mind that you're gambling we'll be done with the recession and coming back on the other side by then. Premiums are still pretty high, too). Finally, the record of the commercials on oil and gas isn't nearly as good as it is with stock indexes, eg, they were dead wrong on the recovery from the lows in '99.

In a nutshell, I guess I think it's still too soon.
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