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Gold/Mining/Energy : Transocean (RIG)
RIG 4.010-0.5%9:30 AM EST

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To: Fredman who wrote (345)9/7/2015 10:50:27 AM
From: robert b furman   of 366
 
HI Fredman,

I sold some January 2017 10.00 puts for 3.06.

If put to me my net cost will be 6.94.

That is about what their cash per share is now - not saying it will be that then.

So far I've been above water most of the time. gulp

Sort of reminds of the calamity tech stocks went through in 2000 -2001.

Look at cash per share for a ball park of how ugly it can get.

Hope that helps.

Bob
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