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

To: MonsieurGonzo who wrote (22677)	5/22/1998 9:41:00 AM
From: k.ramesh	Read Replies (1) \| Respond to of 95453

Thanx for the education on options. seems like the OSX is like the dow - price weighted and not mkt cap weighted. Because, despite the despair on this thread GLM is still in the high 22's was 22 1/8 as recently as April, ESV still above 27, and SLB still above 75. The fall from 116 to 107 is mostly due to rig do and some high flying non drillers? would you agree. (except mdco which is not in the osx?) Ramesh.

To: MonsieurGonzo who wrote (22677)	5/22/1998 10:29:00 AM
From: mph	Respond to of 95453

Great post, Steve. Thanks for taking the time! mph

To: MonsieurGonzo who wrote (22677)	5/22/1998 12:57:00 PM
From: jbe	Read Replies (1) \| Respond to of 95453

MonsieurGonzo -- Thanks for taking the time to compose your very comprehensive options guide! Some of it ain't for me: I'm an investor, not a trader, and I'd certainly never be quick enough on my feet to engage in intra-day trading. But you have introduced me to some new angles, for which I thank you. Curious! I "own" the S&P index through the Vanguard fund, VFINX. Now that you can "buy" or "sell" the index directly (SPY), what's the rationale for the continued existence of VFINX et al.? By the way, on re-checking that MITTS article, I noticed that the Austrian WEB is a MITTS, and perhaps some of the others are too. There are also sector MITTS Apparently, in addition to options, there are all kinds of ways to play the derivatives game that I, for one, never knew about. I wonder if there is an oil service MITTS? Must check that one out! Another thought comes to mind. "Ordinary" mutual funds, as a group, are less volatile (have less "beta," if you prefer) than index funds, or indices in general. On up days, they don't go up as much as indices, but on down days they go down less. Holding nothing but indices might be a "good times only" strategy. What do you think? jbe