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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Lucretius who wrote (6337)	12/31/1997 2:35:00 PM
From: Thean	Read Replies (4) \| Respond to of 95453

LT, NE's upper BB is at around 31.5 (good till Friday). With the current momentum it has a strong chance of reaching 31.5 - 32 by Friday. You may want to check if 31.5 also corresponds to its 50 days moving average. Let me know about this. Regarding your call, you may want to sell half when it reaches 31.5 - 32 but keep the other half for greater appreciation potential if it is Jan call. It would be very interesting to see how strong this rally really is comes Friday. Weird things can happen, such as people come back Friday and next Monday to short the heck out of our drillers. Don't think this is likely but one never knows when they reach their first meaningful resistence.