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: Bazmataz who wrote (14240)	3/9/1998 6:55:00 PM
From: Broken_Clock	Read Replies (2) of 95453

don't know but the last time the candles looked this bearish was the second week of december. IF SLB takes out 70 tomorrow I would probably sell deep in the money calls if I was long in MDCO or anything else...or try and get some big premiums on out of the money calls in late summer. SLB is right on the bottom of its lower support on the uptrending channel. I don't think others will survive short term if SLB doesn't turn it around tomorrow.We all went down together in Nov-Dec gang. Don't count on "your" stock being the strong one. They go up & down together...just some more than others. PK

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