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

To: Broken_Clock who wrote (1175)	7/19/1998 9:32:00 AM
From: Thean	Read Replies (1) \| Respond to of 14427

CLF may be a double top but is a skewed one at best. From the chart its historical BB has not been very reliable in telling the immediate direction of its stock price (e.g. it closed below midline BB several times but it bounced up on many occasions) so I would avoid this simply based on not being able to get a good read - its chart is not as wholesome as others. I have no clue what this co is all about. Is this the Cleveland Indian company? No interest in gold - dead money. My interest is in cash right now - only one stock and one option left in my active trading accounts. SEV - bw and Alex, SEV should be under pressure from now on till its next flowtest result come out which will be sometimes in August. $18 is a support and $16 is the next one. Driller - if oil resumes its downward trend and the drillers go with it, then the last "rally" may be worse than I expected. I was expecting OSX to at least try to test $88 but OSX is still 2-3 points away from it at its highest point the last few days. Technically, this is not even a good technical rebound if it turns out this "rally" fades from here on out. We may not see strong moves on Monday and Tuesday because of the anticipation of the good API number but selling on news (good or bad) should be in the card for the traders. Aug crude future option next Tuesday would also add further pressure on the crude price. My only last holding in the drillers is VRC Sept call which I hope to sell on Monday or Tuesday (they report earning on Tuesday) regardless of the earning number. The thinking is I can get them at even lower prices.