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.

Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: marc chatman who wrote (30743)	10/15/1998 4:05:00 PM
From: RealMuLan	Read Replies (1) \| Respond to of 95453

<< putting out that announcement about 1/2 hour before most index options expire. >> I think options only expire tomorrow--Friday?

To: marc chatman who wrote (30743)	10/15/1998 5:11:00 PM
From: Douglas V. Fant	Read Replies (1) \| Respond to of 95453

marc, I bet that Mr. Greenspan had the hedge funders shi---ing in their pants at the close of business today-especially if they are short yen, long the dollar.... Note too, that as the dollar drops oil gets easier to buy since most contracts fo roil are denomiated in US dollars.... Sincerely, Doug F.

To: marc chatman who wrote (30743)	10/15/1998 5:26:00 PM
From: SliderOnTheBlack	Respond to of 95453

Marc; re: life expectancy of shorts & Fed market manipulation... ...obviously, not by mistake. The allmost historic degree of short interest was ''unwound'' by Uncle Alan today... There was a degree of ''manipulation'' in many of these derivative trades and the downward pressure on the market by the short sellers. ...not a good day to be a ''Invest LTD'' short - game, set & match; I'd say... hey; Diamond allways warned about the danger of using options . Teddy - hoped you learned a lesson today<VBG>. Not that I think VTS is going to $60 tomorrow or FGII to $40, but this is an obvious ''floor'' put under the markets. There will be unquestionably another Fed cut to follow. If Japan bites the bullet; and they will - because they have no choice; we will start hearing of increased Asian demand (after our harsh-LaNina winter) - the tech stocks will be the first to indicate Asian demand coming online... this along with the International Oil summit, OPEC if they continue to do ''the right thing'', etc gives us a very bright future potentially; keyword being potentially. In the Oilpatch, one has to be buying here - or last week; on an averaging in basis at least. I think people are nuts to still be buying Blue Chips at PE's of 35-40; This is NOT the re-start of a huge Bull Run in the overall market.Still some big valuation and earnings issues in the overall market that need to be addressed imho. Today was the ''soft landing'' as predicted. The shorts were crushed by design - how poetic ! The key is in the oversold stocks, I see little downside risk in the oilpatch; especially when tempered with the conservative upside expectations. The final chapter of the story is that all of this liquidity and International stimulation will ultimately trigger inflation down the road (18-24 months); at least to a moderate degree - which will give the Oilpatch another shot in the arm, pushing commodities like crude oil higher & leading to a very bright potential 18-36 month run in the oilpatch imho.