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: SkyDart who wrote (34486)	1/8/1999 9:13:00 AM
From: marc chatman	Read Replies (2) of 95453

The report I heard (repeated again this morning on CNBC) is that the purchase was OSX calls, not futures. I didn't even know there were OSX futures -- of course, there are a lot of things I don't know. Do you really consider this report (or possibly rumor) as "the STRONGEST BUY SIGNAL possible"? As far as I can tell, the sources of the report are unnamed traders; the reported buyer doesn't have a name or face; and, assuming there was a buyer, we don't know whether the purchase is a naked long, a short cover, part of some hedging strategy, etc. I am very long, and bullish, on the stock performance of this sector, but let's put these stories in perspective.

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