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To: CommanderCricket who wrote (144070)1/23/2011 10:59:05 AM
From: Bearcatbob  Respond to of 206110
 
CC, My prayer for ATPG is a jump that allows me to get off some good calls. Unfortunately I will not be home when the market opens tomorrow. I likely will put in some sales above the market before I leave home that if triggered will offer nice returns. My thought is any jump will be quick unless the whole market moves.



To: CommanderCricket who wrote (144070)1/23/2011 12:02:34 PM
From: Delfino R Zavala  Read Replies (1) | Respond to of 206110
 
CC
Have you figured out how the price of this stock functions?
When things look good, new well comes online, stock goes up maybe a couple of points in about 3 or 4 days. It then immediately begins its slow decline to where it started going up.

When no new seems imminent, and it appears safe to sell some calls, the stock goes up.

I have tried to sell calls, and sell puts and I am never right.

My Jan 16s did not get called away, and in anticipation of them getting called, I sold 17.50 puts.

Needless to say, now I have twice the headache.

What is your short term outlook.

Delfino