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: Judy who wrote (2788)	11/8/1997 4:39:00 PM
From: Snowshoe	Read Replies (1) of 95453

Hi, Judy. I've been hearing a lot about oil industry support stocks lately so I wandered over here to see what's going on. About two weeks ago there was a fellow on NBR who keeps track of insider trading. FWIW, as best I recall he mentioned that insiders had been selling the oil service stocks (ala semi-equips a little earlier), but buying the exploration/production companies. As of Friday I've finally got my IRA rollover, so I'm assembling a list of stocks on which to put in lowball GTC bids. I'll probably include a major oil and a driller. Regarding shorting stocks from an IRA: Bonnie Bear has been promoting the use of the Rydex Ursa Fund (RYURX) to short the S&P500. (I assume this is available from an IRA). It uses options and futures to achieve a mirror image performance to the S&P500. Of course the main disadvantage of a mutual fund is that you can only get in and out at the closing price of the day. Here is a chart showing the comparison to the underlying index: stockmaster.com

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