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Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?

To: Tom Trader who wrote (30567)	12/7/1997 8:04:00 PM
From: MonsieurGonzo	Respond to of 58727

Tom; RE:" Futures " ...do you have any thoughts on the merits or otherwise re buying aluminium stocks at this point ?? For trading, no - I'm sorry but I do not follow the LME in such detail, Tom. I track the production and worldwide shipments of C.I.S. (Russian) primary aluminium very closely, but my main interest is in identifying strategic scrap sources and engineering what the Europeans call "alliances" with scrap processors for Norsk Hydro. FWIW we are expecting the Asian buyers of Al and Cu to reduce their stocks and purchasing activities for the next two quarters. Re "fair value" when it comes to the S&P futures, there are several postings and links on this thread made about two weeks ago that describes the concept quite well. I'm sorry that I missed those, Tom - I have learned a great deal more about both index options and futures ever since I began reading the postings here on the TSO thread. Recently I have been enjoying looking up the underlying components of the major indices and creating little portfolios on the WWWeb to understand them better. In the main, it has encouraged me to follow stocks outside the Tech sector, which has been my universe for some years. I noticed your interest in the SOX.X - note that it is heavily weighted by INTC. The AMEX:XOI.X "Big Oil" index is interesting right now, Tom. It has the following components... AHC AN ARC BP CHV DD XON KMG MOB OXY ORX RD SUN TX UCL ...and most of these are looking as if they are reversing, or at least correcting from a relentless selloff. ORX and UCL have particularly interesting candlesticks on their weekly charts, called "hammers", as in hammering out a new trend. AN and CHV also have interesting Japanese tea leaves. The XOI.X closed at 469.53 on Friday, +11, and there was particularly heavy volume, 2,500 contracts - in the XOI.X DEC 475 CALLS. I wonder whether there is any correlation of the XOI.X "Big Oil" index with oil futures ? -Steve