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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: isopatch who wrote (75149)	9/29/2000 7:50:34 PM
From: Sharp_End_Of_Drill	Read Replies (2) \| Respond to of 95453

Isopatch, this was a ridiculously good week - one of my best ever. Makes me wonder if the rug's going to be pulled out from under me again next week. I've got a large amount tied up in FLC Dec 30 calls with a break even of about 1.5. Two weeks ago it was bid 3-1/4 - a nice 100%+ gain, then last week it dipped as low at 3/4 - a not so nice 50% loss, and this week it settled at 1-7/8 back in the black. I'm hoping FLC will see 30+ again so I can unload these at a better gain, the volatility is gut wrenching. Also got extremely lucky with GLM April 25 calls up 14.5% in a week, and PDE April 22.5 calls up 49% in a week. I plan to hold these well into the cold weather. Even made a 12.2% one day gain on ole' Slider's GLBL. Seems too good to be true. HGT has been amazing, and XTO is volatile but heading the right way. The only bad luck this week was a VRSN short - got killed by the tape painting, but covered it and bought Dec 180 puts that I expect to more than cover my loss. I've got no idea about SMOP, I've been following the very interesting posts but haven't taken the plunge. I know their cash flow is high but their debt is enough to choke a mule. A buyout could well net some quick cash, but if it doesn't happen there's better places to be. Sharp