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Strategies & Market Trends : Strictly: Drilling II
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To: nspolar who wrote (10359)4/2/2002 11:59:51 AM
From: isopatch  Read Replies (3) of 36161
 
ns. Don't usually talk about options.

But since you asked me about CRK, it's the only gasser I'm currently playing via long calls. (as you know, very few sm NG explores have options).

Anyway, bot CRK Aug 5 Calls too early. But looks like they'll work out very well. Was extremely overweight in CRK vs my other favorites. So had to sell the common for $$ to rotate into ones like CRZO & BETA that had not had big moves yet. Also added to CRED and reentered TESOF.

Sorry you asked?<g> Portfolio mgt is a lot of fun for me. But it's complex and sometimes there are no short answers to a question.

Excellent releases from EPEX today! Hope you still have most of yours??

There will be the inevitable corrections along the way. But IMHO, it's going a lot higher. Ditto with PQUE, PENG, CRZO, CRED & other favs.

So my strategy - since loading up in a lot of energy favs in late Feb - has to be just let them run. Sell little or nothing at ST tops. Then add whenever there's a sharp dip due to a broad stock market correction or in individual stocks with company specific news, say a dry hole. They still have those<g

IMHO, the energy sectors are in a bull market consistent with an economic recovery that although below average will still provide some huge profits from the very low cost basis' I've locked in.

Gotta run.

Cheers,

Isopatch
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