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Gold/Mining/Energy : Trico Marine Services (TMAR)

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To: Prophet who wrote (214)3/31/1998 5:12:00 PM
From: Don Westermeyer  Read Replies (1) of 1153
 
Prophet,

You've lost me. Why go long with call options if you think the market is going nowhere short term? IMO that is a good reason to sell a few calls, not buy them.

The OPEC deal is really pretty disappointing. With only 60% of the cuts that were expected, I think the price of oil is headed much lower now. I expect OPEC to be screaming in economic pain due to low oil prices again in the future.

It is really too bad that these stocks are so connected to the daily changes in oil price.
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