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Gold/Mining/Energy : Arcon Energy (MIDL Presently) The Ultimate Sleeper
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To: xdll who wrote (1638)5/30/1998 11:03:00 AM
From: Islander  Read Replies (1) of 4142
 
Your question is clear, but I can't help much. I never became involved with options really, except to sell some calls once to lock in a profit on the underlying shares. It worked out well, as I never was called away on the expiration date and the shares later traded up and I sold them.. All of which reinforced me to believe that options trading was a bit of a mugs gamble (an option writer's term who was telling me 'how it is') unless you were hedging..i.e. the MM's seem to be able to keep that price away from where you want it when you want it...but I ramble. The thing to remember here re prices and value,I think, is simply that assuming Arcon can keep a lid on their process via patent protection (and Dan Fisher told me Thursday that they had filed for seven new patents involving the process, and as these are now 'patents pending', no one can even request the details of these for quite a few months) current prices are just, well... really cheap!!
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