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Gold/Mining/Energy : Swift Energy (SFY)

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To: Mark who wrote (721)3/14/1999 2:11:00 AM
From: PuddleGlum  Read Replies (2) of 1602
 
Mark-
You've had a number of fine, detailed posts lately which I have certainly appreciated. However, I'm one of those who got crushed trying to predict the price of these commodities with La Nina on the way. I guess that makes me litter... or trash <g>.

For every country that decreases production there is another that will increase production to meet the need for hard cash at a slightly higher price, and consequently at the expense of the kind nation that decreased production.

Nevertheless, this recent bottom in the market has me thinking that buying calls might be a good tactic at this time. Bitter taste, those calls. I just finished my taxes and I'll get a nice refund thanks to a ton of SFY calls that expired worthless.

pg
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