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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Big Dog who wrote (12475)2/22/1998 11:07:00 PM
From: SJS  Read Replies (1) of 95453
 
BD,

With the oil markets now in a turmoil, I would *c-a-r-e-f-u-l-l-y* analyze how the spin doctors and analysts seem to be thinking on this one. Don't be so bullish in the ST when a step back and review of activity might warrant you to wait, or participate on the downside first, and back in it bullish a little later on.

I sense that from PK's post to me on the reaction (oil down .59), you might want to think about profiting from a bearish tone, not a bullish one. But again.......who knows?

You may get a chance to buy it at 25, and negate 50K of possible paper losses to yourself.

You're analysis of 25.5 is slightly flawed (with all due respect) because you think you might make 4.5 points and you used the dreaded word in your sentence: ASSUMED. You caught and righted yourself: It's a grande assumption.

These things can go against you from the second you execute the trade and it may never let you look back. You can't design these things with woulda-coulda-shoulda protection. You gotta know the protection level up front. So....you're never protected with money you get from what might happen, rather, only from money you get from what did happen as a result of your hedge trade.

BD, best of luck. Let me know privately or otherwise how you made out, if you want.
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