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: Bazmataz who wrote (17145)	3/30/1998 9:24:00 AM
From: Lucretius	Read Replies (1) of 95453

They look fine. I just think it is foolish to be selling calls in here. NE is trading at 9x '99 earnings. You worried that we're going to pull back from this "bloated" PE? I keep telling you guys (feel like I'm talking to myself) that we're going higher from here. No gains are realized w/out risk. I'll admit, I sold calls all the way thru Feb when this slide started in Nov, but I believe the risk is that these stocks run away from you now and I will not even consider selling calls untill the sector becomes overvalued again. NE could see the low 60's before that occurs. -Lucretius

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