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: Broken_Clock who wrote (13630)	3/4/1998 6:41:00 PM
From: Don Westermeyer	Read Replies (2) of 95453

>>I'd buy puts or sell deep in the money calls or BOTH on the opening >>bell if I were you. This could blow he DOW thru 8000 in a week or less Think so? I might buy some puts, but not in the energy sector. I already sold some in the money calls today on TMAR (sold out-of-money ones also - I'm a chicken). I was thinking on buying them back since all that tech money will want to go somewhere. Not too many places for money to go. I do have short positions in some high fliers and am already almost 50% cash. You might be right though and maybe I'm being too bold. I basically think the Dow could easily see 7000 (from Money magazine) so I guess I can wait a little while. It seems like a lot of these oil exploration stocks are so beaten down already the downside is a lot less than just about any other sector.

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