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To: isopatch who wrote (88947)3/22/2001 6:12:48 PM
From: Archie Meeties  Read Replies (1) | Respond to of 95453
 
OK, fair enough about the pipelines.

Now that we've had a mini XNG breakdown, I take it you still haven't swung at the patch and are still mostly cash...

Valid criticism that I haven't posted many specific entry points. So here goes...

PRZ 20 (keeping hope alive. -g-)
EPL 10.5
EEE 1.92 (just for the takeover possibility, nothing else)
ESNJ 4.25
XNGEN (May 270 calls $2.2)

Tomorrow the OSX.

To make it clear, I think today was shakeout day. The other possibility is that the patch is "rolling over". The third possibility, that we churn away at this level for a prolonged while, is still bearish, IMO.