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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?


To: kodiak_bull who wrote (11209)12/19/2001 5:05:54 PM
From: aerosappy  Respond to of 23153
 
Kb,

RE: <<Good work on GLBL, but don't you feel that one is ahead of itself>>

Historically, GLBL has always been somewhat ahead of itself. Based on the backlog*, I believe that GLBL will be up another 40%+ before March 15, 2002. Thus the March 7.5 calls I hold will have an intrinsic value of $5.15 or more at expiry.

* Backlog is now $251 million, highest in more than 10 quarters. 88% of the backlog is outside GoM.