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

To: Big Dog who wrote (12475)	2/22/1998 9:48:00 PM
From: Broken_Clock	Read Replies (1) \| Respond to of 95453

Big, You might want to exercise a little caution here. With oil hitting a 4 year low today we might see FGII at Jan price of 22-25. Then load 'em up. When(if!) OPEC meets these puppies(no offense Shredder!) will be back up where they belong. PK

To: Big Dog who wrote (12475)	2/22/1998 9:54:00 PM
From: sand wedge	Respond to of 95453

His Dawgedness, I'll trade you some tamales for some pie. sw

To: Big Dog who wrote (12475)	2/22/1998 11:07:00 PM
From: SJS	Read Replies (1) \| Respond to of 95453

BD, With the oil markets now in a turmoil, I would c-a-r-e-f-u-l-l-y analyze how the spin doctors and analysts seem to be thinking on this one. Don't be so bullish in the ST when a step back and review of activity might warrant you to wait, or participate on the downside first, and back in it bullish a little later on. I sense that from PK's post to me on the reaction (oil down .59), you might want to think about profiting from a bearish tone, not a bullish one. But again.......who knows? You may get a chance to buy it at 25, and negate 50K of possible paper losses to yourself. You're analysis of 25.5 is slightly flawed (with all due respect) because you think you might make 4.5 points and you used the dreaded word in your sentence: ASSUMED. You caught and righted yourself: It's a grande assumption. These things can go against you from the second you execute the trade and it may never let you look back. You can't design these things with woulda-coulda-shoulda protection. You gotta know the protection level up front. So....you're never protected with money you get from what might happen, rather, only from money you get from what did happen as a result of your hedge trade. BD, best of luck. Let me know privately or otherwise how you made out, if you want.