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

To: SJS who wrote (2766)	11/6/1997 2:50:00 PM
From: Big Dog	Read Replies (5) \| Respond to of 95453

Thanks for your input Steve. With a stock like this I feel comfortable it will have a multi-point decline sometime bewteen now and late Feb. Also, the premium will decay over that time so the stock won't have to go down as much. I want to be back long and strong before the next earnings come out. Also keep in mind - very important -- come 6 months after the IPO there will be a number of execs that have a lot of stock that they will be selling. This will occur around December. It's not that they have any less faith in the stock, its just that they became VERY rich overnight and will want some of the Do Re Mi "in the bank" for Momma to spend. This event could depress the stock a bit. Time will tell my friend. At least I have somewhat protected what I've got...and the way I am spending money right now dynamiting and re-arranging the earth at my spread, I sort of like the cozy feeling of safety! mike