Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Ditchdigger who wrote (56813)	12/13/1999 8:56:00 PM
From: otter	Read Replies (2) of 95453

I'm sitting on some April 12.5 calls that I bought a while ago when FLC was @13.5. Needless to say, they have eroded about 50% in value. On the other hand, the price appreciation of 100sh of CMGI today has more than made up the loss in value of 10 FLC contracts. To one poster's point about tech stocks sucking up a lot of $. Absolutely. When you can get price appreciation of the kinds of magnitude that are occurring these days, you would be foolish not to run (The trick, of course, is getting out before the bubble bursts). All of that said, I'm becoming rather pessimistic that FLC can recover in the short term so that these calls will pay off in any way. I would be very interested in hearing from those who believe otherwise. Comments? Thoughts? Who here believes that FLC can rocket? To where? When? And, why?

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