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


To: drsvelte who wrote (22122)5/15/1998 4:18:00 PM
From: PuddleGlum  Read Replies (1) | Respond to of 95453
 
Thin Dr-
I heard about that smoke you people are seeing down there... and the 100 degree temperatures. I called up my favorite gas e&p company (SFY) and they told me some smoke was coming in over the gulf. Say, I thought they were in Houston, but that stock seems to be really stuck in the mud. Mebbe they're hanging out with you over in da swamp?

Yeah, nasty day for the drillers. A few weeks ago I was dead certain that my MDCO and FGII were going to get called away today. At this moment I sure wish they had been. That's one of the downsides to writing covered calls, because you end up holding the stock when it rises above where you would have sold it, and then ya ride it back down. Well, at least I kept the premium.

pg