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Gold/Mining/Energy : Swift Energy (SFY)

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To: FloydP who wrote (1442)4/19/2001 12:14:22 AM
From: PuddleGlum  Read Replies (2) of 1602
 
It'll be harder to hold all of my shares on Friday if this stock stays above 30, since I wrote covered calls on a few shares. My decision was based on the very bearish p&f chart formation (which can be nullified by a move to 34). I would have sold May calls, but I didn't want to be in a short position when Kauri hit. I really don't want to lose the shares, but I think I'll make money on the transaction either way.

BTW, the ng futures p&f chart is also looking sick as of Tuesday.

My IRA barely budged today, up just 1% with this deadweight making up 1/2 of my account.

pg
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