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Strategies & Market Trends : Natural Resource Stocks

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To: isopatch who started this subject	1/27/2004 1:09:49 PM
From: ItsAllCyclical	Read Replies (3) of 108702

OT - Picked up some SCO at 1.92. Looks like it may be breaking out today. An FA call from the standpoint that all the bad news seems to be factored in, don't think BK is likely and recent offering was 105% oversubscribed. Falling Dollar helps US claims. French reinsurance play. They got burned by 9/11. Scaling back on US operations. Book around 2.40. TA you can see for yourself. Mostly looking to scalp short term. Don't risk more than you're willing to lose on this one.

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