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

To: The Jedi who wrote (34037)	1/25/1998 7:50:00 AM
From: donald sew	Read Replies (2) \| Respond to of 58727

Kiri, Right now the OSX is a CLASS 2, which means its in buy territory but can also go down more with limited downside. The technicals indicate that the the support at 89 will hold. OK thats the technical side - here is where I agree with you, and that is if the price of fuel continues to drop. This is the first time I did it so it could be totally off course, but I had exponetially extrapulated that for the OSX to break 89 the price of CRUDE would be near 13.50, lets say $14.00. Thats possible KIRI, at least for a short period. I got to do a technical ready on the actual commodity of CRUDE, if I can find the charts. As you know I prefer to keep it as technical as possible, and minimize the fundamentals/news/speculative issues. On the other hand subjective, what happens if the price of crude does jump - it would help the OSX but hurt the XAL, which you are favoring now. Don't get me wrong, I do not have a strong view as to whether OIL will go up or down or remain flat, as you do. My position is more like - in case CRUDE goes down what do I do and in case it goes up what do I do. My CLASS 2 BUY on the OSX does not take into consideration fuel prices at all - it is purely analytical. Believe me Kiri, I am far from proficient in understanding OIL. Please also keep in mind, I am very short-term, just looking for that 5% pop in a short period of time, which is about a 30-50% return on the options if my timing is on. Can the OSX pop 5%/5 points, it sure can and it can do it in one day. If you are interested, I will see what the charts say on the actual commodity price of CRUDE. Seeya