Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: 007 who wrote (14183)	3/9/1998 1:40:00 PM
From: Broken_Clock	Read Replies (1) \| Respond to of 95453

jb- That is exactly what is happening in SLB options. Put selling and Call buying. When sentiment is this bearish the premiums for the 2-3 month out call options get skewed in favor of the call buyer. That being said, IMO without positive news, we will be retesting some lows very quickly. 70.50, 70 then 68 for slb are all very strong support. However, slb is cutting thru other higher support levels like a knife. The osx is following. if 103 osx falls soon then 99 is next. Since SLB is leading, I would say that it is to be watched closely. IF it takes out 68 then we are in deep kim chee as they say in the islands>g<. PK