ARAKIS: HIGH RISK OIL PLAY (AKSEF) Message Board

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Gold/Mining/Energy : ARAKIS: HIGH RISK OIL PLAY (AKSEF)

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To: Douglas V. Fant who wrote (7303)	11/14/1997 8:46:00 AM
From: Zeev Hed	Read Replies (3) of 9164

Douglas, essentially you are right, when all the news is in a stock it trades in a bound range, the bottom of this range is about 2.875 or so. This range is modulated by the general market direction and if we get a very bad decline, spikes under this range can occur. Furthermore, crude price is another modulator and it is in the middle of its own range between 18.5 to 21.5, a spike down to the bottom of this range could carry Aksef just below its arnge as the spike above a fortnight back brought it to the brink of breaking 4 (buying from the friendly Lunds helped as well) Zeev

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