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


To: Judy who wrote (24140)6/15/1998 2:11:00 PM
From: joe smith  Respond to of 95453
 
judy,

screen is quite red compared to fri closing numbers, but if you consider oil is down over a buck to 11.50 range, the osx is only down one percent from lows on fri. im not saying this is bottom, but im looking to pick up more aug 90 calls to use as a trading vehicle. the five i bought fri will be held for a few months.

js



To: Judy who wrote (24140)6/15/1998 2:39:00 PM
From: Warren Van  Read Replies (1) | Respond to of 95453
 
Judy, re: SLB

Why do you think SLB will revisit 65-66? Is it because other oil stocks have returned to levels in March and you suspect for technical reasons that SLB will do so as well? You seem pretty sure about SLB.

I have read your posts the past few months and respect your
skills and understanding of certain stocks and the markets. I think the oil industry represents a huge opportunity (with proportional risk) for investing and trading.

Thanks.

-Warren




To: Judy who wrote (24140)6/15/1998 2:46:00 PM
From: Tulvio Durand  Read Replies (3) | Respond to of 95453
 
How low can the price of oil go? $5/bl? That's the cost of finding it, pumping it, delivering it. So $5 IS the bottom. Right? Here's an interesting article on the 4-yr cycle of markets coinciding with presedential-election cycle. 1998 should be a good year, and 1999 not a good year year according to the return-vs-yr in election cycle data. cpcug.org Tulvio