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


To: E. Graphs who wrote (31380)11/5/1998 6:58:00 PM
From: DavidG  Read Replies (1) | Respond to of 95453
 
E

I sold all my SLBAK's at the end of the day today. I hope I made the right move. Oil still seems to be dropping so I didn't feel too comfortable holding them after a nice move today.

cbs.marketwatch.com

207.95.154.130

I had also bought a bunch near the low of 3 3/4 today so I had too many with the weekend coming up...then sold them all at 4 1/2 - 4 5/8 near the high. My bet is that there is heavy selling near end of the day on Friday and of course I will be there again scooping them up. I was so busy with these calls today that I generated more than half the volume today due to my trades.:-)

I have been doing this for the past two weeks. I guess I will stop the moment I get burned which is probably inevitable and probably soon.<vbg>

Good Luck Trading

DavidG



To: E. Graphs who wrote (31380)11/10/1998 10:19:00 AM
From: DavidG  Read Replies (2) | Respond to of 95453
 
E!

Well I am back into oil. After selling all my SLB options on Thursday I was going thru withrawal. Anyway I bought some RON options since it hit my first target of 30. Got RONBG's at 2 1/8. Willing to average down as RON goes to 25.

Haven't bought any SLB options yet but getting itchy.<g> GLM and RDC are starting to break too...another point or so drop and I will buy some of those too. I feel like a kid in a candy store.<vbg>...oh that reminds me I have a dentist appointment at 11 am.:-)

...soooo what do your chicken bones tell you now? Am I a little early? Figured these OSX stocks would start to drop when OIL kept dropping in the face of IRAQ problems. If it gets resolved without confrontation then oil will drop further and more bargains fer you and me.

Good Luck Trading

DavidG

PS: Just picked up SLBBK's for 4 3/4. Moved out a month to Feb since it will take some time for RON and SLB to get a nice run back up.


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