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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: marc chatman who wrote (15609)3/19/1998 10:01:00 PM
From: Broken_Clock  Read Replies (1) of 95453
 
I suppose they could have been sold but that would imply that the seller thought we we're going down. if so, why not sell in the money 35s? It would make more sense IMO. You could buy them back cheaper if the stock drops...$ for $. If they think the rally might stop at under DO resistance at 48 then I guess they snag some extra profit. Why not wait till DO hit 45 then sell the Apr 45s? Make an extra 200K that way....
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