Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: yard_man who wrote (20862)	6/23/1998 2:02:00 PM
From: Death Sphincter	Read Replies (1) of 94695

tip.............and a guess it is...........i took a long position on MDCO a few days ago with Calls hoping there would be a speculative run up off the lows in anticipation of big cuts to be announced and i think OPEC will announce something rather large.. on paper. They never seem to be able to get their sh.#! together until things get real serious pricewise, but, if there is a spike in prices i don't think they will rocket and stay there...the street will watch for the next inventory report to see if there is serious conviction behind production cuts that are announced. i am trying to play the bounce and get out, because i think the price will pullback as a "wait and see" policy takes hold..........now if they announce something real dramatic it could get interesting........but their history of cheating is well documented. and what saith ye? carl

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