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Politics : High Tolerance Plasticity

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To: jim_p who wrote (8602)9/25/2001 12:19:07 PM
From: kodiak_bull  Read Replies (1) of 23153
 
Sharp & Jim,

Like youse guys, I'm getting interested in the OSX again, but as a veteran of several autumn disasters I will abide through these good prices until we hit great prices. Let me rephrase that: I will abide through good prices, even great "tradeable" drops until we hit prices that only make sense if the world economy 1) never recovers and 2) what is left of it no longer runs on hydrocarbons.

Logically, I think that means I'm looking for an OSX in the low 50s for initial positions, full positions in the high 40s and margin in the low 40s.

At this point in time, yesterday's rally is beginning to look like yesterday's news. Get ready for the indices to turn negative.

kb
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