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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: epicure who wrote (14690)	3/5/1998 3:06:00 PM
From: RWS	Read Replies (1) \| Respond to of 94695

I agree and I'm holding my puts until tomorrow at least. I expect a week or so of weakness. RWS

To: epicure who wrote (14690)	3/5/1998 4:16:00 PM
From: James F. Hopkins	Respond to of 94695

I think they will be stronger too..but I don't know what the street is expecting. Fellings I pick up from CNBC talking to anal-cyst are some what mixed. I think the regular joe is not in a panic mood and is not backing out of his positions, this is a war between the funds, and the offshore crooks. It's not about to turn into a bear market. There are things that will get hit that may slow her down some, but the ecomomy still looks good. Waht I don't understand is why they hold on to the big oil stocks knowing that sector is cyclical with the price of oil. The drillers I can see as they have locked in contracts for another years work any way. But then too back in 96 when oil went to $25 a barrel the market was slow to buy oil stocks, they always seem to wait on the earnings reports. By then 20% to 30% of the move has been priced in. Oil stocks which the brokers are still talking up are in for a correction, I think they know that and are just holding the door open for their school chums. However cheap oil will help us in other ways. Oil is priced into every thing we buy in one form or another. Jim