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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Ottrose who wrote (73044)	10/10/2006 2:54:23 PM
From: ChanceIs	Respond to of 206199

>>>If politics is the guide, wouldn't the arb play of the day be long OSX/short HAL?<<< One of the beauties of the internet is that you can plot the two against each other practically instantly. I will try to copy the chart from Big Charts: (Hmmm. I see I got a chart, but the one I attempted to paste only went back to August 31. You acan see the divergence trend at least.) Regardless, since August 31, OIH is down about 6% while HAL is down about 17%. Under these circumstances (fundamentals being equal - which they are clearly not) I would get long HAL and short OIH for an arb play on convergence. I agree with the notion that the Dems will draw a bead on HAL - after they try to impeach Bush - or maybe they will draw a bead on HAL so they can try to impeach Cheney, and then Bush. Who knows. I hate to say, but the Street likes gridlock - probably for good reason. A Dem advancement might provide the gridlock requisite for a broad market rally.