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To: marc chatman who wrote (48804)8/4/1999 9:53:00 AM
From: ChanceIs  Read Replies (1) | Respond to of 95453
 
DOE #s; Crude -3.3M; Gasoline -1.2M; Distillates Unchanged <EOM>



To: marc chatman who wrote (48804)8/4/1999 10:36:00 AM
From: SliderOnTheBlack  Read Replies (5) | Respond to of 95453
 
Trading thoughts anyone ?

Got a partial fill on RRC @ $5 9/16ths... I will not buy any run ups here - RRC down today here - love it.

Also have limit buy trying to catch TMR after it cools here @ $3 7/8ths... curious as to see how much profit taking in TMR today - can it close above $4 1/2 ? There were sellers at the open - odd ? Their PR/earnings looks great, but wonder why CIBC & DLJ issued downgrades recently - they had the pre-look/ guidance on the numbers for the qtr & still downgraded ? TMR recently visited DLJ this qtr with a major roadshow and still got a downgrade ?.... I'm a buyer however - but, not chasing it..

Still lots of ''trading'' cheapies. I am a buyer of retracers here:

RRC under $5 5/8ths --- off from recent high of $7 - buying all the way down from here - as low as they want to take it. The $5 1/2 to $7 play is a quick 28% + the margin leverage if used. But I am a seller anytime & everytime it wants to pop 14% in a day .... with no excuses, or apologies for selling either (VBG). RRC is a ''traders'' dream stock...

TMR under $4 - may miss it, but still expect partial fills under $4 today perhaps - good future outlook - strangely unsupported here...easilly a runner to $7 ? - again; watch the institutional support start at a breakout over $5 - most funds can't buy sub $5 stocks - that's why I love CRK here - on a breakout - Neither TMR, or CRK will run too fast to catch untill support over $5 is firmly established imho...

OEI is dirt cheap - a longterm no brainer... just dumped another big chunk of debt via asset sales - and another of my fav's XTO bought these gas resv's. XTO another BUY - $12 to $15 run looks like a free throw...

I am just not a buyer on the run ups... too many cheapies left.

Leaving next tuesday - 5 days left to trade... please CRK one more time sub $4 - pleeeeeeeze.

CRK - earnings report soon, sitting for any weakness - or sell off post release - could easilly miss this one though, awfully close to $5 - if it waffles around $5 and gets a positive earnings report - then it will likely run ,,,