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To: SJS who wrote (136)	5/7/1998 7:19:00 PM
From: Thean	Read Replies (2) \| Respond to of 14427

Steve, With the current down cycle with the drillers and option expiration in a week, what is your option strategy here? Would you write put when they hit bottom or would you just buy call? How about any spread strategy to make a conservative 10% return in 5 weeks? I'm willing to listen. LT - a word about head and shoulder since you mentioned it so often. I don't use it to forcast the next few days for I think it is better as a long term (3-6 months) chart formation. For short term forcast those support/resistence lines and moving average and stochastics and BB (especially useful for intraday) are going to be more helpful.