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To: Dwight E. Karlsen who wrote (12495)2/22/1998 11:34:00 PM
From: The Perfect Hedge  Read Replies (1) | Respond to of 95453
 
I think if one sits and waits for the true turnaround in this sector,playing calls can get you a 5-10 bagger.The 64k question is when will that turnaround come?IMO,not for a long time unless Opec meets and cuts output.
GD



To: Dwight E. Karlsen who wrote (12495)2/23/1998 7:44:00 AM
From: JZGalt  Respond to of 95453
 
I'm referring to a 60% retracement UP.

Sorry, I misunderstood. When I saw retracement, I assumed that you were talking about the peak to trough, not a limit on a rally.

----
Dave


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