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Gold/Mining/Energy : ARAKIS: HIGH RISK OIL PLAY (AKSEF)

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To: Razorbak who wrote (5748)5/25/1997 2:43:00 PM
From: richard hawkins   of 9164
 
>>BTW, you don't know Steve Keyser, do you? [Just kidding!!!]<<

Who is Steve Keyser?

>>I know what you mean about the AKSEF enigma. That's why she's such a fatal attraction.<<

Especially her call options. I got burned on the DEC JAN & APR 5s and, like a moth into the flame, couldn't resist the JUL 5 at 1/8. Fortunately, this is the last of the series, and unless the stock rises like a phoenix from her ashes, the "call option temptation" will cease to exist. I own the stock too, but think there is a possibility for fireworks before the July expiration - the Oman well, possible proxy fight at shareholder's meeting (June 30), progress toward peace in Sudan, relative strength in the oil sector, rebound from oversold condition; and/or the unpredictable unexpected.

I flipped on the TV yesterday afternoon and "Dune" was showing on Encore. Assuming that this desert planet (Arakis) is the namesake for our beloved stock, I couldn't help but reflect on how the truth is sometime stranger than fiction.
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