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

To: Snowshoe who wrote (2836)	11/10/1997 7:10:00 PM
From: Big Dog	Read Replies (1) \| Respond to of 95453

You could of course sell "covered" puts and get paid premium while you are waiting for the stock to reach your desired lower buy point. This way if the stock does not reach that point you still make money. If it reaches that lower buy point you effectively buy the stock for that price less the amount of premium you rcvd. This is a good strategy on stock that you want to own and probably hold, but want to buy it at a lower price. mike simmons Ps. I have available for bareboat charter or outright sale a nice jackup (150+ feet water depth). Available January. Ballpark asking price -- USD 20 million. Bareboat charter rate ballpark USD 22,000/day. Details available on request to qualified parties.