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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: NucTrader who wrote (22969)5/28/1998 12:08:00 PM
From: Minos  Read Replies (2) of 95453
 
When is the big bounce coming, that's the question? This afternoon, next week, next month? I've been thinking about shorting the airlines - I know, hardly a novel idea - as a way to hedge. My thinking is that this will allow me to participate when the OSX bottoms out and heads back up, but it still protects me from this very weak market environment. Even if th OSX drifts lower and our beloved drillers continue to swoon, the airlines would also get hit if the market continues to correct or even tanks-- yes? Would appreciate comments!

Best,

-Minos
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