Pride Petroleum Services (PDE) Message Board

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Gold/Mining/Energy : Pride Petroleum Services (PDE)

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To: patim who wrote (389)	3/2/1999 10:25:00 PM
From: Bill Zeman	Read Replies (1) of 454

Patim You are a braver man than I. I for one do have available cash, and I think I'd like to get more of it and less stock b4 Y2K. I do believe the Saudi's debt problems are so severe that they cannot even afford to lay off production for even a short period of time, and that is why they have not done it. DEERHUNTER: The last time I sold a covered call, the stock rallied like crazy and that darned call ended up killing all the profit I could have made. Thanx for the advice anyway. I think the biggest part of my problem is that I simply don't know what is going to happen. If I was relatively sure of either up or down movement in oil I would have an idea what to do. I think I might end up doubling down on PDE. What price do you guys think it is going to bottom at? Even though I would like to lighten up on stock b4 Y2K, if I double down I might be able to break even on a short rally and clear my position without a loss. Bill Zeman

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