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

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To: Big Dog who wrote (15766)3/21/1998 10:39:00 AM
From: SJS  Read Replies (1) of 95453
 
Dog,

I hope that it wasn't too unrewarding. I think you mentioned that your exposure was minimal. However, ride again you will!! I'll keep reminding you about the "other side" protection...<g>. Many times it will cost you a little more, but like this time, you would have made a fortune.

I hope the rally continues, too, and I think this Saudi meeting has a large part of that decision. If there is reasonable news of movement on the issues, we could go up for a while, or regain our momentum as the sector that's on the upswing again.

I will also be selling calls in to this rally, as the premiums get richer. Selling puts is riskier as the whole thing could crash down again and ST, I'd own a lot of stock.

NE and MDCO are good buy/writes, and I will try to find some others. CXIPY was a barnburner Friday!!

Regards,
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