Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: yard_man who wrote (20862)	6/23/1998 1:01:00 PM
From: Byram	Respond to of 94695

Tippey, OPEC has been making too many idle threats and they know that they have to not only get together (Saudis has opened conversations with Vensuela and Mexico - non-opec) But, they have (Read - HAVE-TO) put some teeth into their next move.......Basically they have lost credibility and If they want to control oil in the world they have to make it work this time..... Just my personal opinion........ Byram

To: yard_man who wrote (20862)	6/23/1998 2:02:00 PM
From: Death Sphincter	Read Replies (1) \| Respond to of 94695

tip.............and a guess it is...........i took a long position on MDCO a few days ago with Calls hoping there would be a speculative run up off the lows in anticipation of big cuts to be announced and i think OPEC will announce something rather large.. on paper. They never seem to be able to get their sh.#! together until things get real serious pricewise, but, if there is a spike in prices i don't think they will rocket and stay there...the street will watch for the next inventory report to see if there is serious conviction behind production cuts that are announced. i am trying to play the bounce and get out, because i think the price will pullback as a "wait and see" policy takes hold..........now if they announce something real dramatic it could get interesting........but their history of cheating is well documented. and what saith ye? carl