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

To: gamesmistress who wrote (84962)	1/22/2001 12:11:09 PM
From: ItsAllCyclical	Respond to of 95453

>> Yeah, I think the usual sell-off in energy stocks at this time of year is being affected by the energy crisis leading to increased interest by individual investors. Look at the alternative energy stocks - most recent runup led by retail buying. Everyone's trying to figure out a way to play this. << That's why I took a position in XOM today. Too much winter left for XOM not bounce (aside from more stock buy-backs.) XOM is the name in the oil patch. For the risk inclined the Feb 75 calls look rather interesting. I bought some today at 5 5/8's. If XOM hits 85 post earnings then they should double. Given the short time period I don't recommend this to anyone unless you can afford to lose your entire investment. I'd probably set a stop loss around 76-77 1-2 weeks before expiration to at least recover some portion of my initial investment if XOM continues downward. Don't expect it'll be needed though.