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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?


To: marc chatman who wrote (52029)9/28/1999 3:23:00 PM
From: ItsAllCyclical  Read Replies (1) | Respond to of 95453
 
Loaded up on APC nov 30 call options today. Anyone else buying? Seems like we should get a bounce if nothing else in the big caps.

All things considered RRC is on fire. Looks like longs accumulating or shorts covering figuring JV is almost closed and RRC didn't go down with the overall market. As long as it goes up I don't care...



To: marc chatman who wrote (52029)9/28/1999 3:27:00 PM
From: in_outdaily  Respond to of 95453
 
Folks;

With all the hoopla of the DOW skidding and the fact that it's the end of the quarter (the big boys are doing their window dressing), I don't think we need to be too concerned.

My charts show support at 73 and 68/69 if we do bust 73 in any meaningful way. All the losses incurred today can be made up in one good day.

Use this retracement as a opportunity to load up on any oil service stock that you thought you'd never get a crack at again this cheaply, then walk away for a week or two.

Long term trend has not broken and this pullback represents one of the best chances to reposition into this sector.

My 2 cents

Bill