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To: Gottfried who wrote (26024)7/20/1998 12:45:00 PM
From: SliderOnTheBlack  Read Replies (1) | Respond to of 95453
 
...for any ''long term'' bulls - SLB calls @ fire sale prices !

OK; maybe ''not'' firesale prices; but the SLOB off on an earnings release that was not technically that bad....

feb $60 @ 10 1/8 = 50% return @ $75 +; 100% return @ $81

feb $70 @ 5 3/4 = 50% return @ $78 +; 100% return @ $82

...I'll take that bet. Hell of a way to offset any prior losses in the patch. Will Slob stay @ 52 week lows or decline further - not in my mind; will benefit first in any sector rotation off a total market correction or any positive oil news...IMHWBNBO.



To: Gottfried who wrote (26024)7/20/1998 12:50:00 PM
From: JZGalt  Read Replies (1) | Respond to of 95453
 
OT - Not sure what you are looking at. I created a page showing the new highs vs. stocks above 200 Day moving average on the NYSE. Perhaps you were looking at <H>'s link.