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

To: John Carpenter who wrote (7551)1/11/1998 12:41:00 AM
From: The Perfect Hedge  Read Replies (1) | Respond to of 95453
 
We'll go up and then go down again.At this point I've got a little bear in me and a little bull(shit that is).I think it'll be a trader's dream with the up and down movement we'll have.I'm selling into our next rally and buying puts.I think it's smart to play both sides of this mess.I did that a month ago beautifuly and was smiling.I'm doing it again.GD



To: John Carpenter who wrote (7551)1/11/1998 10:39:00 AM
From: Big Dog  Respond to of 95453
 
John, this is an excellent point. If a takeover occurs in the drillers it will likely be very bullish for the sector since I expect there will be a nice premium paid to entice the current owners to sell.

This is a very real possibility, given the extremely good business climate for drillers and the weakness of the share prices.


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