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

To: SJS who wrote (6402)	1/2/1998 9:54:00 AM
From: Lucretius	Read Replies (1) \| Respond to of 95453

Steve, I don't think you want to own any calls here. I still see us building a base from jan to march in the 26 to 32 range for NE. Good earnings for these drillers are already priced in. We need some volume to start accumulating shares. Your tme value in calls would waste away before we get a move likely towards the end of Mar. I'd pick some up the June 35's in early mar. if it were me. Like I said, I exited all of my calls on the 31st. All IMHO of course. Good luck! -Lucretius