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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: waverider who wrote (19797)4/21/1998 9:30:00 AM
From: SJS   of 95453
 
Rick,

He was complimenting me, I think, on my advise regarding writing covered on FGII. I urged a couple of people to examine spreads or straddles with FGII, but to leg-in the call write portion only after they examined what their underlying plans for the stock was, and NOT to do a call write IF they were that bullish.

With FGII leaping as it has, it's violated the upper BB, and is oversold (unless there's news yet unknown). I urged him to be vigilient for writing calls at any time as they are very premium rich and I think the stock will retrace.
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