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To: Arizona Pete who wrote (5833)12/23/1997 11:21:00 AM
From: MonsieurGonzo  Respond to of 95453
 
Arizona Pete; RE:" Black Gold "

Recommend anyone taking new (long) positions in OSX.X sector(s) here hedge their bets by selling CALLs or buying PUTs. Although this limits up-side potential, it makes sense so long as SLB appears to be going down; ie., trade with SLB, and you will be trading with the trend in this sector, and so improve your chances.

-Steve