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

To: excardog who wrote (81212)	12/10/2000 8:39:42 AM
From: Second_Titan	Respond to of 95453

OSX's move from 120 area to <100 was I suspect motivated by the following: Seasonal selling by non believers following energy prices Tax loss selling and fund selling to avoid capital gains Market manipulation. I imagine allot of investors saw a rising OSX Aug/Sep and bought calls for Nov/Dec, hoping to get out before the peak in prices. Who do you think wrote all of the calls? Im guessing the same holders of large holdings of drillers/high profile service companies. The worldwide rig count has been at a level for three months that will support strong earnings, especially for GOM NG focused drillers. If this count breaks 2,000 then I will start worrying.