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

To: Darth Trader who wrote (37145)	3/22/1998 7:08:00 PM
From: donald sew	Read Replies (1) \| Respond to of 58727

INDEX UPDATE --------------------------- Just read on the news wire that there an agreement was made today to reduce the world production of Crude Oil by 1.6 - 2.0 million barrels per day. It was also mentioned in the article that a reduction to 2 million BPD would increase the price of BRENT to around $16.00, and would assume that SWEET CRUDE would be about a buck higher. Such plan could start as soon as April 1. If there is any oil experts out there, would like to hear comments. I am not a fundamentalist, but feel the following is possible if CRUDE was to pop to $16-17/barrel quickly: 1) Selloff in the the AIRLINES and TRANSPORTS 2) OIL and OIL SERVICE to continue up. 3) Interest rates to increase Would like to hear comments as to how this news would effect interest rates for the short-term, specifically 30 days, not further out. The reason I am questioning it just for the short term is that most of us on this thread are short/mid-term players and looking to play the APRIL options, not the long term holders. I realise that many still think that interest rates will decline over time, and I am not arguing that point, but want to know how rates should react to the news over the next 30 days. As I have indicated previously - INTEREST RATES are now in the incline per the short/mid-term technicals and have a target of hitting 6.15% range by the 2nd week of April. This news may help interest rates reach such levels or even exceed it. Could this be the news that will top off this immense upswing for the interim? Would like to hear comments? Seeya

To: Darth Trader who wrote (37145)	3/23/1998 2:44:00 AM
From: Patrick Slevin	Respond to of 58727

Good Strategy. Against my better judgement, I allowed a broker to sell me some TSRI stock a week or two ago at 25 and just noticed it's at 19. He also tried to get me in for a lot of some $106 stock which is somewhere less than 100 now. A friend of yours? ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Well, well. I railed against the analysts too soon, it appears. Some actually are concerned with earnings, as per this Yahoo! news dailynews.yahoo.com Something else I read, however, made a strong case for the market to get parabolic and stay there for an extended period. The reference was to Japan, where the market was overbought at 28,000. However, it took another year and 11,000 points before it broke down.