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

To: SliderOnTheBlack who wrote (31443)	11/4/1998 6:53:00 AM
From: JSB	Read Replies (1) \| Respond to of 95453

Slider, any possibility the street is looking out as far for this sector as they do for semi equipment stocks? Curiously, the semi equip stocks aren't even supposed to be profitable until the year 2000. At least the drillers are mostly profitable now, just at reduced rates. TIA Regards, Jeff

To: SliderOnTheBlack who wrote (31443)	11/4/1998 8:11:00 AM
From: advinfo	Respond to of 95453

The Street totally ignored the #'s - which totally surprised me; leading to this recent run. Similar to the semi-eqip group rallying after a book to bill ratio of .57 was posted. They are looking 6 months out...

To: SliderOnTheBlack who wrote (31443)	11/4/1998 2:51:00 PM
From: Broken_Clock	Read Replies (1) \| Respond to of 95453

Slider, the market looks tired, including osx. A conservative strategy might be selling deep in the money calls for jan, Feb, etc. next year. For protection, a portion of the proceeds could be used to purchase out of the money cheap calls in case the osx rallies further...perhaps on the osx itself. If osx retreats, the individual stock calls can be repurchased cheaper down the line and profit is protected. Steve Sohn and Thean used this strategy effectively earlier this year. Doing nothing is probably the worst scenario...since success is then keyed on the market rising further, which seemss like a 50/50 deal at best.