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: SkyDart who wrote (34486)	1/8/1999 8:39:00 AM
From: Crimson Ghost	Read Replies (2) \| Respond to of 95453

Crude down 21 cents. Looks like a normal and healthy OSX correction today.

To: SkyDart who wrote (34486)	1/8/1999 9:13:00 AM
From: marc chatman	Read Replies (2) \| Respond to of 95453

The report I heard (repeated again this morning on CNBC) is that the purchase was OSX calls, not futures. I didn't even know there were OSX futures -- of course, there are a lot of things I don't know. Do you really consider this report (or possibly rumor) as "the STRONGEST BUY SIGNAL possible"? As far as I can tell, the sources of the report are unnamed traders; the reported buyer doesn't have a name or face; and, assuming there was a buyer, we don't know whether the purchase is a naked long, a short cover, part of some hedging strategy, etc. I am very long, and bullish, on the stock performance of this sector, but let's put these stories in perspective.