Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: jim_p who wrote (60802)	2/23/2000 4:10:00 PM
From: Think4Yourself	Read Replies (1) \| Respond to of 95453

Don't feel bad, I didn't get one buy on over 7 I put out there. Many came close but I think the sellers thought: "We ain't giving HIM our shares because he called us fools!" Now we wait for API's. The ANALysts have to be right sooner or later, don't they?? Even a blind squirrel finds a nut sometimes.

To: jim_p who wrote (60802)	2/23/2000 4:23:00 PM
From: ItsAllCyclical	Read Replies (1) \| Respond to of 95453

>> I'm ready to sell every oil and gas stock I own... << Jim, that's mostly because you're on margin. Even if you were to wait until post OPEC, I'll bet you could still find some cheap stocks. If you go much heavier on margin you may indeed sell everything imho. I'm starting to wet my lips here. I cleared up a good deal of capital today selling my PXD shares and instead buying more calls. I had bought some June 7.5 calls before when it hit 7, but I also added some Sept 7.5's today. I've placed limit orders for more calls if PXD goes back to the low 7's mid 6's. At the very least I think we're assured a bounce from these levels. With in-the-money or at-the-money calls I can play the bounce any way I want. The main downside with calls would be a true market selloff down to say Dow 8000. While that's a possibility again I think there will be bounces between now and june/sept. This is going to be a complete re-run of last year only oil prices are already $18 higher. To be on the safe side I'm only buying calls that expire in June/Sept to weather any market/OPEC hicups. A moderate OPEC increase in already priced into the crude market by the fact that future months reflect much lower crude prices already. Let's see the bad news is out. The good news is not being reflected. Yea I'm a call buyer.