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

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To: Broken_Clock who wrote (7440)1/9/1998 7:07:00 PM
From: The Perfect Hedge  Read Replies (1) of 95453
 
D-
I battled the mms all day.I am trying to buy 100 May 75's for 1/4.I am averaging down on them.I started buying them a couple of months ago at 7 1/4!Well they were 1/2 before today's session and the mm's never dropped them to 1/4 even though EVI went down almost 6 points at one point.Last time EVI went to 40 a couple of weeks ago they dropped to 3/8 and then rose to 1 7/8 a week later on a rally.I guess the risk/reward is too good and they wanted me to pay up.They never got lower than 5/16.I should have bought but 100 contracts is alot and I'm tight.I think I messed up in putting ina limit order and they saw it sitting there and wouldn't let me have it so I pulled it and tried to get'em just buy putting in an order if I saw it drop.No luck.They got really firm with me then and never dropped the ask.I guess EVI needs to drop to the 35ish are before they let me buy 'em for a quarter.
I did buy some Feb 35's that I have traded in and out of before with success.They move almost quicker than the stock.I'm even with those right now and might bail if we lose ground on Mon.I really want those May 75's at a quarter.
Does that answer your question?GD
D-did you see the hammer on EVI from today's action?GD
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