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

To: The Perfect Hedge who wrote (7758)1/12/1998 8:44:00 PM
From: Broken_Clock  Read Replies (1) | Respond to of 95453
 
GD,
Why are you surprised that I bought today and Friday?
I told you that I believed the current correction was over(or close to it).All things being equal, the options I picked up haven't changed in price since Friday.The premiums were so low that even with the gap down today the mms wouldny lower the ask price! I haven't checked this evening...most of the buying today was in the calls.

I bought at stike prices that seem reasonable to be approached in the next two weeks during rebound.I expect them to at least triple.But I've been wrong before!
dave(it's only money)



To: The Perfect Hedge who wrote (7758)1/12/1998 9:51:00 PM
From: larry  Respond to of 95453
 
GD,

What you have said is also what we have heard from anlysts, experts the last several weeks. I have total confidence that those statements are true and oil service stock is gonna outperform the market this year by a good margin. However, or unfortunately, lots of people are ignorant and never sit down to think about it before they buy or sell a stock. We will see. FGII is my core accumulation for FY98.

good luck,
larry


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