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: Lazlo Pierce who wrote (8631)	1/17/1998 6:19:00 PM
From: Dwight E. Karlsen	Read Replies (1) of 95453

Between the Cheryl Strauss article and the Alan Abelson (Simmons) article, it's difficult to tell what to do. Since I am more of an options player, I'm in the "wait" camp right now. Even if this is "the bottom" for oil service and driller stocks, what if they just start flat-lining? There is that possibility. And if that happens, premiums erode, and pretty soon a call option holder is losing money, even though their stock didn't go down. In any case, I'm going to be monitoring the oil service/driller stocks. DK

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