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Non-Tech : Invest / LTD

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To: bw who wrote (33)	5/4/1998 3:03:00 PM
From: Thean	Read Replies (1) of 14427

bw, for some reason SEV has began to move today. It could be speculation that they have found oil show in their latest well which would increase their reservoir number by quite a bit. However, at this point it is all speculation. If you did not get in earlier, I would not chase after it since it is outside of its intraday upper BB right now. I expect some pullback before the close. Anyway, the bulls seem to be in charge of SEV at this juncture. I sold my May 25 call today for 1/2 pt. Still have the stock and June 17.5. Oil is below $16 again. But it seems some drillers are attempting to come back. I like BDI too. Bought BDI Friday and today. Sold GW last week. Bought MDCO today too. I'm with you. 1/4 - 1/2 pt here and there and a 5-10% monthly appreciation shall be obtainable. If you haven't gotten into covered call, I'd suggest you read up. It's even more conservative than buying stocks. But of course you need to own the stocks first. I got into this 2 months ago and wished I have gotten into it sooner.

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