Slippery Oil Service?

• November 3, 2000
• Dave Landry

On the Proprietary
Implosion List, Cooper Cameron
(
CAM |
Quote |
Chart |
News |
PowerRating), may offer a covered put
opportunity. You can short the stock for
57 11/16 and sell the December 55 puts for 3 1/2. This represents
approximately a 10% return (more than 90% annualized, based
on 42 days until expiration) should the stock be put to you.

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Major Drugs
(
$DRG.X |
Quote |
Chart |
News |
PowerRating) and Healthcare
(
$HCX.X |
Quote |
Chart |
News |
PowerRating), mentioned recently, still look poised to rally out of
pullbacks. Continue to look for buying opportunities in
calls and call spreads here.

Consumer
non-durables
(
$CMR.X |
Quote |
Chart |
News |
PowerRating), mentioned recently, still look poised to resume
their strong uptrend. Continue to look for buying opportunities in
calls and call spreads here. 

On the
short side, oil service
(
$OSX.X |
Quote |
Chart |
News |
PowerRating), mentioned recently, still looks
vulnerable. Look for buying opportunities in puts and put spreads.

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Best of
luck with your trading on Monday!

P.S. Reminder:
Protective stops on every trade!