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

To: Big Dog who wrote (81973)	12/18/2000 12:36:28 PM
From: Winkman777	Read Replies (2) \| Respond to of 95453

<<Everyone scared to say anything about this rally?>> Two weeks ago I was scared. Now with most of my losses recovered, I'm feeling a lot better. In the end fundamentals usually prevail. Like you said Big, increased capex. Shell's increase is actually bigger than 20%. From RIG board: <<Royal Dutch (RD) 55 7/8: The Royal Dutch/Shell group said it was planning to raise capital expenditure 43% to a total $12.2 bln vs $8.5 bln last year. The original 2000 budget spending target had been $10 bln. >> Let's hope it lasts. Winkman

To: Big Dog who wrote (81973)	12/18/2000 1:23:30 PM
From: JungleInvestor	Read Replies (2) \| Respond to of 95453

Big, re: "The Dog is still holding all bases...love those fundamentals." Any thoughts on the near-term prospects of the tubulars (specifically MVK) with these nice fundamentals?

To: Big Dog who wrote (81973)	12/18/2000 1:32:10 PM
From: energyplay	Read Replies (1) \| Respond to of 95453

Edging out of my short term (January expiration) calls on E& P stocks. Keeping most of the Feb, March, and April ones. Fear of a big recessionary event/ major market drop and or rumors of warmer weather. Getting concerned about time decay - need to leave something on the table for the other party in the trade. Selling oil stocks which don't have large % NG. Been bringing in short terms puts on QQQ also - two issues here - PUT/CALL ratio is high, this give us a snap back rally. Also the Fed could act. A one week blip plus the time decay can really spoil a profit. Keeping IAH puts, with CSCO dropping, they're looking good. Looks like I'm waiting for Wells (WFC) to preannounce bad earnings. ;-)