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: E. Graphs who wrote (30740)	10/15/1998 5:33:00 PM
From: SliderOnTheBlack	Read Replies (3) of 95453

Block Trades......<VBG> !!! Teddy; What are numerous Big Block trades accross the board indicative of ? When I saw the LBO firm Hicks Muse move into the oilpatch I felt this was a good case of a bottom on a pure LBO/Net Asset fire sale values... Rainwaters move into crude oil futures will be validated soon as well imho. Big crude short interest to be unwound shortly. Some $10-$15 Million Block Trades pretty much say it all... They were waiting for earnings releases and the Fed Cut - James Cramer made a great call on how the Oilpatch would be one of the top sectors to fly off a rate cut; good news is - we have more coming ! Actually - I'm still optimistically cautious; just haven't had a chance to use many ''exclamination points'' of late ...!!!!!!!!!!!!!!

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