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

To: Lazlo Pierce who wrote (2563)	10/29/1997 7:57:00 PM
From: Velocipher.	Respond to of 95453

You beat me to it David! It will be interesting to see the reaction tomorrow, UFAB and GIFI both didn't really move at all on their earnings news, but FGII seems to regularly gets gapped on the open. Would be a good time to write the 45's if it gaps to 40 or higher and they open up the 45's. If this happens I might open the 45's myself. Greg

To: Lazlo Pierce who wrote (2563)	10/29/1997 8:01:00 PM
From: bw	Read Replies (1) \| Respond to of 95453

David...Don't mean to rain on the party, but with a $.23 quarter, doesn't that equate to about a $25 stock price [such as MIND]? Watch out for another dip...things were a bit shakey going into the close today. Not much of a correction in the drillers off most of their highs so far...

To: Lazlo Pierce who wrote (2563)	10/29/1997 8:01:00 PM
From: Velocipher.	Respond to of 95453

Just found out that there is a conference call for FGII with analysts and investors at 11:00 AM tomorrow, the number is 1-800-521-5431. I just might have to wait until after the call to write those calls. I could see these analysts being dumbfounded by the amount of money this company could make in 98! Greg

To: Lazlo Pierce who wrote (2563)	10/29/1997 9:48:00 PM
From: Big Dog	Read Replies (1) \| Respond to of 95453

David -- I didn't sell any calls today -- but I salivated a bit. I was waiting for these earnings because I figured they would impress. And impress they did! Notice the improved margins = PRICING POWER !! Notice the work backlog increase = over 100% from prior quarter !! I won't be surprised if FGII bounces up a bit in the morning, but I don't think it will "soar". I bet the market makers will be jacking with the opening bid/ask making it look like the stock is really moving and then when it opens the price comes down. This is a favorite trick of the market makers to sucker people into placing market orders on the opening. I'm still trying to configure my options strategy, but probably won't be selling any calls until the stock price is over 40 (tmw?). mike