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.

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

To: Wildstar who wrote (2725)	9/9/1998 9:42:00 PM
From: Thean	Read Replies (1) \| Respond to of 14427

Wildstar, "Guys, do Nov BFT 17.5 puts look cheap to you?" Absolutely. This one is a godsent. On the top of my shopping list tomorrow. Pete - about those drillers. Well, as you probably know by know, the OSX chart gave us the bounce off upper BB signal instead of upper BB surfing. Another down day tomorrow would confirm this weakness is real. The past week shift in sentiment to commodity play appears to have evaporated. Not only have the oil stocks been weak the past two days but gold stocks as well. Selected OSX stocks (e.g. FGII and NE) did hit close to 50% gain within the last bull spurt which is enough to support a sentiment shift without real fundamental change. As tomorrow will likely shape up to be an overall down day, I am willing to bet OSX will be down and we get the confirmation. However, should it turn up together with gold stocks while the overall market tanks, then this we may still have some legs left for the commodity play sentiment. Still short NBR.