LastShadow's Position Trading Message Board

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Strategies & Market Trends : LastShadow's Position Trading

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To: BoNg-N-BoNg who wrote (2482)	11/12/1998 6:00:00 AM
From: Dave Shares	Read Replies (3) of 43080

Oil Drillers My opinion is that Friday will bring buying pressure from short covering into the weekend. If I were to trade in this sector, I'd either daytrade it on Friday, or look for some kind of rally during the day today which might carry into Friday. Like the short covering to protect against weekend events, holding a long position would be equally risky. The sector does not look to be bullish right now. Just my opinion. David

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