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


To: Bazmataz who wrote (21721)5/8/1998 5:10:00 PM
From: SJS  Read Replies (2) | Respond to of 95453
 
Baz,

Well.....My position is clear on this. I wrote 25 calls into the strength a couple of weeks ago and I fully expect to loose some of my stock. If I don't, it will be a surprise. Investor hold stock most every weekend. Daytraders might not. I don't see too much risk in holding this particular stock over the weekend.

I continue to write into the strength on this puppy....the stock has been dead "investment" money (however I have sold calls against it continuously....) for since late last year as it crashed from 36.

I've read alot here about it's undervalue, and I think that's true considering where some other drillers have ascended to recently (mo-mo plays or not). I just don't know what it's going to take to fire this one up (aside from vague, uncredible takeover rumors).

Regards