Strictly: Drilling and oil-field services Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Lazlo Pierce who wrote (2563)	10/29/1997 9:48:00 PM
From: Big Dog	Read Replies (1) of 95453

David -- I didn't sell any calls today -- but I salivated a bit. I was waiting for these earnings because I figured they would impress. And impress they did! Notice the improved margins = PRICING POWER !! Notice the work backlog increase = over 100% from prior quarter !! I won't be surprised if FGII bounces up a bit in the morning, but I don't think it will "soar". I bet the market makers will be jacking with the opening bid/ask making it look like the stock is really moving and then when it opens the price comes down. This is a favorite trick of the market makers to sucker people into placing market orders on the opening. I'm still trying to configure my options strategy, but probably won't be selling any calls until the stock price is over 40 (tmw?). mike

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next