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Gold/Mining/Energy : Trico Marine Services (TMAR)
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To: Prophet who wrote (209)3/30/1998 12:25:00 PM
From: Don Westermeyer  Read Replies (1) of 1153
 
Prophet, I do not plan to increase my position in HMAR (I only have 100 shares anyway - not very bullish at all). HMAR has problems in the short term and earnings growth has likely stalled. That was assumed even before the recent PR.

Even on the shares of TMAR I own (have 8000 shares), I wrote covered calls on about 1/2 of the share as there is very high premiums on the options.

As I said, I don't follow HMAR very close, but I see very little risk in TMAR over the next year. Of course that means little risk compared to a lot of other stocks. I don't think we'll see sub $18 again and probably not even $20, as long as the OPEM meeting is able to put a modest floor on oil prices (say $14+).
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