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

To: Stuart Scolnik who wrote (22974)	5/28/1998 1:49:00 PM
From: Minos	Read Replies (1) \| Respond to of 95453

Stuart, I guess hedge wasn't the right word...maybe mitigate risk would be better description. Obviously airlines and OSX go in opposite directions, usually that is. I'm talking about shorting the airlines as a strategy that might allow one to profit from a rebound in this sector but also protects from an overall further market correction. 1) It puts you in position to benefit for the inevitable rebound of the OSX, which I think is near. I, for one, am always too early on picking the bottom and rarely have enough discipline to buy on a well established up trend. Plus, our sector's stocks often make a V-bottom, and I always want to get in on that sharp reversal. AND 2)The market is skittish and frothy. If/when market falls, airlines will get hit hard, just like the drillers and everything else. Make sense or am I nuts? -Minos