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Strategies & Market Trends : Tech Stock Options

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To: Dnorman who wrote (52585)	9/14/1998 6:10:00 PM
From: MonsieurGonzo	Read Replies (1) of 58727

Dennis; RE:" OilPatch " >Were you able to see Bubba on TV live in Paris ? I'm in Houston, TX right now; my father's house. >I have a lot of customers in the oilpatch that would like to see a much stronger bounce on Oil than we have had. uh, it's gone up +30%, man. Very close friend of mine here in Houston is a professional trader, with clients like you - was buying OSX'ers last week; bailed out today - quite happy to do so. >Do the oilfield related stocks that you mentioned follow the traditional TA or do allowances need to be made for the commodity itself ? yeah - like, they busted UP outta DownTrend, bounced +30% from OSX.X ~50 level to ~65 level... stochastics say over-bought... now need to re-trace if nothing else. We're talking about a very short-term decline here, Dennis. still - I'd rather short the OSX today than the OEX (^_^) -Steve

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