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: The Perfect Hedge who wrote (7758)	1/12/1998 8:44:00 PM
From: Broken_Clock	Read Replies (1) of 95453

GD, Why are you surprised that I bought today and Friday? I told you that I believed the current correction was over(or close to it).All things being equal, the options I picked up haven't changed in price since Friday.The premiums were so low that even with the gap down today the mms wouldny lower the ask price! I haven't checked this evening...most of the buying today was in the calls. I bought at stike prices that seem reasonable to be approached in the next two weeks during rebound.I expect them to at least triple.But I've been wrong before! dave(it's only money)

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