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Non-Tech : Invest / LTD -- Ignore unavailable to you. Want to Upgrade?


To: Lucretius who wrote (1161)7/17/1998 4:30:00 PM
From: Thean  Read Replies (1) | Respond to of 14427
 
You internut traders: you missed one of the heaviest actions today on OIL. This is a very scary situation and good educational material. The option activity wass just beyond belief. The stock will very likely pop on Monday morning on a technical rebound but how high will it pop is anyone guess. Will be mo-mo again Monday morning for sure.

Got out of both VRC and FGII today. Three trades on these two co's this weeks, all gainers. Closed my book on the drillers going into the weekend. I could have care less which direction they move next week as most likely they will seek guidance from oil and oil is not doing great. Thought some traders could have heard whispers of failure to really cut from the OPEC agreement? VRC reports on Tuesday so I may reenter on Monday if its price drops back to the 17's.