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Strategies & Market Trends : Tech Stock Options
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To: Darth Trader who wrote (37145)3/22/1998 7:08:00 PM
From: donald sew  Read Replies (1) of 58727
 
INDEX UPDATE
---------------------------

Just read on the news wire that there an agreement was made today to reduce the world production of Crude Oil by 1.6 - 2.0 million barrels per day. It was also mentioned in the article that a reduction to 2 million BPD would increase the price of BRENT to around $16.00, and would assume that SWEET CRUDE would be about a buck higher. Such plan could start as soon as April 1.

If there is any oil experts out there, would like to hear comments.

I am not a fundamentalist, but feel the following is possible if CRUDE was to pop to $16-17/barrel quickly:

1) Selloff in the the AIRLINES and TRANSPORTS
2) OIL and OIL SERVICE to continue up.
3) Interest rates to increase

Would like to hear comments as to how this news would effect interest rates for the short-term, specifically 30 days, not further out. The reason I am questioning it just for the short term is that most of us on this thread are short/mid-term players and looking to play the APRIL options, not the long term holders. I realise that many still think that interest rates will decline over time, and I am not arguing that point, but want to know how rates should react to the news over the next 30 days.

As I have indicated previously - INTEREST RATES are now in the incline per the short/mid-term technicals and have a target of hitting 6.15% range by the 2nd week of April. This news may help interest rates reach such levels or even exceed it.

Could this be the news that will top off this immense upswing for the interim?

Would like to hear comments?

Seeya
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