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

To: Prophet who wrote (214)	3/31/1998 4:47:00 PM
From: Mark	Read Replies (1) \| Respond to of 1153

Prophet - Wise words ! I think you may well be right. However, I am a long term investor and adopt minimal strategies - i.e. I like to find a place where there seems to be value, and then buy. Hopefully some time later the stock price is higher, and I will sell. Perhaps when I have this strategy working really well I will use some more advanced buy/sell strategies to enhance returns. If I can't get the basics right, perhaps I should stop investing in the stockmarket ! At the moment I feel the risk reward is attractive. Even if there is a market correction, I think it is unlikely that these stocks have as much downside as some of the techs which are on ludicrous PERs. In fact, a correction could easily re-distribute money in the direction of the oils. In the short term we have an earnings season to come, and whilst I think your timescales may be right for the greatest rate of upward movement, I'm optimistic that we will see some strengthening in the next few weeks. I'm happy to be on-board now. Mark

To: Prophet who wrote (214)	3/31/1998 5:12:00 PM
From: Don Westermeyer	Read Replies (1) \| Respond to of 1153

Prophet, You've lost me. Why go long with call options if you think the market is going nowhere short term? IMO that is a good reason to sell a few calls, not buy them. The OPEC deal is really pretty disappointing. With only 60% of the cuts that were expected, I think the price of oil is headed much lower now. I expect OPEC to be screaming in economic pain due to low oil prices again in the future. It is really too bad that these stocks are so connected to the daily changes in oil price.