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: Velocipher. who wrote (2546)	10/29/1997 8:22:00 AM
From: Big Dog	Read Replies (1) of 95453

I was able to buy and sell FGII twice yesterday for a nice profit. Didn't try MIND. I hope those premiums are sky high on FGII options as I will be a seller of some calls. From Right Line Report: Friede Goldman (FGII) - FGII starts trading options tomorrow and based on the best intel we have, reports earnings after the bell tomorrow night.ÿ Keep that in mind and consider your approach to risk if you plan to consider holding the stock overnight.ÿ A lot depends on the market climate.ÿ Today, FGII moved up 3.87 to 34.875 the hard way.ÿ They gapped this thing down to open it at 25.50 off it's previous close of 31.ÿ I watched FGII trade most of the day and noticed some rather - how can I say this nicely - unsavory behavior of the market makers.ÿ Suddenly, the bid would drop by over a point or more and bounce right back.ÿ Some traders might call this "running the stops."ÿ I call it unethical.ÿ Be careful setting too tight a stop on FGII.

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