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To: Razorbak who wrote (87646)	2/18/2001 1:46:53 PM
From: isopatch	Read Replies (1) \| Respond to of 95453

What all dem wiggly lines mean?!(g) Good post. But on the short side? Yes, think there just might be a few heavy CHK longs to be heard from, lol. One's been trying to behave. Let's see if this one gets post him without a few sparks(g). Keep up the good work. Am enjoying the 1st class TA. Iso

To: Razorbak who wrote (87646)	2/18/2001 1:51:12 PM
From: Don England	Respond to of 95453

razor, nice charts. i need to transfer some of my chart-looking over there. no comment on the charts you presented, but i plugged the osx into your parameters and still do not see a breakdown. i see a nice upward trend that has held at the bottom of its range. i see sideways consolidation here at the worst. which, as another said recently, might mean a little stair-stepping down. would appear from many comments that several of us are going against the grain and holding our osx shares for a move up. it is, a gut call as much as a chart call. appreciate your (nosy) input. don

To: Razorbak who wrote (87646)	2/18/2001 2:14:59 PM
From: Sharp_End_Of_Drill	Read Replies (4) \| Respond to of 95453

Razor, with my novice at best understanding of TA I'd have to agree with short candidates OII and MDR. But, alas I have a couple of questions. 1) The charts for SLB do look strong but I have to wonder if long is really the way to go. FA on SLB has shown for a long long time that they are IMO overvalued. Compared to pseudo peers HAL, and some less direct comparisons like BHI, BJS, etc. they have always demanded what I consider to be an undeserved premium. I had chalked it up to their semi-tech flavor with the smart card biz. Perhaps what we are seeing here is the tech premium unwind, and TA may be giving false buy signals. I don't know but time will tell. 2) It seems like what you mention is akin to taking an option straddle. If so, then why not just do a pure straddle on SLB? If the TA is correct and it goes up you win, if #1 above is correct and it continues down you win. Trick is just getting enough movement either way. 3) In light of your short candidate charts I plugged in RIG. It looks equally vulnerable to a drop, with most but not all indicators showing the same thing as your choice. I'd love to hear from anybody with a RIG opinion as I currently have a combination straddle / SATB thing going on with them. Thanks for your input, and cheers to the board for some great posts of late. Sharp

To: Razorbak who wrote (87646)	2/19/2001 5:12:09 PM
From: Heretic	Read Replies (1) \| Respond to of 95453

>>Heretic: I like your idea of going long SLB and short OIH, but since SLB has such a strong weighting in OIH, perhaps you might do better going with an individual equity on the balancing short side of the trade?<< Thanks Razorbak -- I hear what you are saying. However, the weighting of SLB in OIH was less than 8% at Friday's close. So, making the trade with equal dollars (50% long SLB, 50% short OIH) would have the actual net result of being 46% long SLB & 46% short the other 18 companies in OIH. That's close enough for me to prefer using OIH's primary advantage, which, of course, is minimizing the company-specific risk on the short side. That way, all of the company-specific risk is entirely loaded on the long side with SLB.