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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: t4texas who wrote (3236)	10/26/2001 11:28:35 AM
From: isopatch	Read Replies (1) \| Respond to of 36161

<more like a falling piano><LOL> Exactly! Definitely better fish to fry in the patch IMHO as well. But do know of a few here (who can step forward if they wish<g>) that LOVE to fade disasters and play the the quick scalp bounces. My biggest OS position is MVK which I've been playing through April 02 calls. One of the signs that speculative interest has dried up completely (VERY bullish BTW from a sentiment standpoint) is the complete lack of open interest in most patch call options beyond a coupla months. Per posts, I've always emphasized that I'm not an options player or even primarily a ST trader. But as an ex-broker and long time professional in this game do know great bargains when I see em<g>. 3rd qtr "institutional portfolio blowout" really cleared the decks for some excellent low premium values in long dated calls in some patcher plays well known for very powerful moves. MVK lagged BJS just enough for me to take advantage of that a few days ago. On the pure equity side picked up a nice chunk of quality Canadian small cap driller TESOF. Jumped on as much as I could get right outta the gate this morning @ $6.22. She was clearly primed and RTG (ready to go)<g>. To honest was lucky to get 80% of my order filled before she started to ramp. Other than that, still traveling light in the golds. And of course VSNX is cranking like the animal it is!!!! Looks like a really good day shaping up. Cheers, Isopatch