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

To: MetalTrader who wrote (72697)	9/8/2000 11:57:44 AM
From: kormac	Read Replies (1) \| Respond to of 95453

biz.yahoo.com PKD initiated with a Strong Buy Best, Seppo

To: MetalTrader who wrote (72697)	9/8/2000 12:01:35 PM
From: ItsAllCyclical	Read Replies (1) \| Respond to of 95453

SLB breaking down...next likely stop 78 and 75 respectively. 207.61.23.98 In this particular case I think SLB is a leading indicator of near term OSX action. The OSX and XOI haven't broken yet, but I do think post-OPEC crude prices will come back to the low 30's. With SLB breaking and oil prices likely to at least drop another $1-3 in the short term I raised more cash today. Any move will be short term, so if you're not a trader you're probably better off staying invested. I'm hoping for 125 or less on the OSX near term. I think that would better the odds for a more sustainable run on the next leg up which I think will take us to 150+. I'm not planning on shorting because the downside isn't worth it imho compared to the risk of some surprise coming out of OPEC. But NOI looks tempting for a few points... 207.61.23.98 Ok, looked at the options. I'm now short (thru sept 35 puts). A whole 10 contracts...lol. What the hell.