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Gold/Mining/Energy : Transat A.T. (TRZ/TSE) -- Ignore unavailable to you. Want to Upgrade?

To: Marc Fortier who wrote (70)	1/7/1998 2:12:00 AM
From: Greg Spendjian	Respond to of 88

Hi Marc, You sure are right about it being difficult to foresee in this market. I also noticed the big volume, all being bought up at Levesque Beaubien. The financial report should be out in the next week or ten days. Hopefully it will be positive. I don't know if it will have helped to have lower oil prices which you would think should be helping keep running costs down a bit. My only concern is that in the past the stock price got bid up before earnings, then swooned when earnings came out. There seems to be some demand for the stock at least even at these prices. I vaguely have considered selling a March 13 covered call. The January or February ones do not have enough of a premium to make it worthwhile. Have you ever sold or bought options on TRZ? Good luck and a la prochaine.