Hi Jerry,
Thanks for the kudos, I really don't derserve it.
"...wondering now if you have any thoughts on the oil drillers
and oil service sector. they've taken some lumps (along with
everyone else) recently."
This summer, I was asked by (I think) IBEXX to evaluate the tech and oil sectors long term - which is a real stretch for me as I think in terms of days and weeks and not months. I gave the thumbs up to oil and down to techs. So far I have been right. The oil sector STILL looks good to me and with Saddam on the war-path, oil may just skyrocket.
"...and specifically, what do your charts show now,
for AOL in the near term. the thread has turned decidedly bullish,
and of course i'm wondering if these April 98 65 PUTS i'm holding
will turn to mush."
As I said on the AOL thread last Feb... AOL will go to 100 by the end of the year. Thursday, I got a buy signal on it, the first since a year ago. While it is still bearish from a trend stand-point, I expect THAT to change within a week or so... but I could well be wrong... AOL shows money flowing OUT of it and may go to test the 200 day MA at 60... It is against my principles to go against the 200 day ma... when it is up - I trade calls and puts when it is down.
I would hesitate to say you are wrong in your beliefs you can make money in those puts... but if I were in AOL puts (and I wouldn't be) I think I would exit around 60 IF IT EVER GETS THAT LOW!!!
BWDIK?
Regards,
Bill |
