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: SJS who wrote (3241)	9/23/1998 11:51:00 AM
From: Lucretius	Respond to of 14427

I don't buy puts on indexes, sorry.

To: SJS who wrote (3241)	9/23/1998 11:55:00 AM
From: Alias Shrugged	Respond to of 14427

Yes, the bulls are feeling frisky. I boxed my Dell short and went long half the number of shares short at 61-3/8. (I know, its weird<gg>). WMT is treading water. Mike

To: SJS who wrote (3241)	9/23/1998 12:28:00 PM
From: Lucretius	Read Replies (2) \| Respond to of 14427

Steve, just my opinion but although (as I said a couple weeks ago) the drillers should and are getting a nice rally, it should be sold into. L-T oil prices should remian flat ove the next year as the drop in the dollar is offset by the slowing economies of US, Europe, and S. America. OPEC will also likely increase supply every time the price pushes up above $16. Drillers need around $18 to $20 to grow earnings, otherwise they sit w/ PE's around 8x THE PREVIOUS YEAR. and that's assuming their earnings won't shrink.