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Gold/Mining/Energy : Trico Marine Services (TMAR) -- Ignore unavailable to you. Want to Upgrade?


To: Emec who wrote (45)2/23/1998 4:44:00 PM
From: Don Westermeyer  Read Replies (2) | Respond to of 1153
 
Well, the post earnings rally appears to be cut short by the prospect of peace (good for the world, bad for oil companies).

More concern about oil prices dropping even more now with an expanded food for oil deal.

One may have to sit tight for a while until the oil glut is over. For better or worse this stock moves with the price of oil, and for this year it looks like oil is going lower.

It may be best to write a few more covered calls for those deep into this stock.



To: Emec who wrote (45)2/23/1998 5:51:00 PM
From: Don Westermeyer  Read Replies (1) | Respond to of 1153
 
Anyone know details of the 'stockhold protection plan'?

That often means the shareholders are about to get screwed with a convertable deal or something.

TMAR seems financially too strong for that kind of nonsense though so I'm not all too worried.