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Strategies & Market Trends : Tech Stock Options

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To: George Mc Geary who wrote (32339)	1/7/1998 8:48:00 AM
From: donald sew	Read Replies (1) of 58727

George, The OSX is only a weak CLASS 2 BUY, meaning that it could easily turnaround from here, but the downside is larger than a CLASS 1 BUY. Also the XOI is a CLASS 2 BUY. Subjectively feel that once the crude oil prices bottom out it would be a good time buy them. Just hope my CLASS BUYS coincide with the bottom of crude. Crude is down slightly again today. I saw some technical charts on crude oil and the technicals indicated that they are severely oversold. We are close to the bottom of crude. I am not saying that once the bottom of crude is established that the OSX will zoom, but that the downside pressures will be minimized, and that the OSX should move up. Of course if the earnings are good thats will increase the upside bias. Seeya

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