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Strategies & Market Trends : Option Trades

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To: Rick C. who wrote (592)	1/28/1998 4:58:00 PM
From: Broken_Clock	Read Replies (3) of 2341

Rick, I'm still holding SEBL puts.it couldn't close 50 with the last 4 day rally.By Friday we'll see.If it hasn't headed down by then(under 47 is my Friday target) or closed above 50, then I'll move on. Went long FGII and will hold thru earnings next week.Should hit 30+ then I'll sell calls and buy back on the dips.They have aback log of over 500 million and growing by the day.New shipyard(bought for $1!) will be online 2nd quarter to really pump earnings, plus expanding current yard in the bayou country. Dave

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