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

To: Shelia Jones who wrote (22123)	5/15/1998 4:12:00 PM
From: SJS	Read Replies (1) \| Respond to of 95453

Sheila, I think your exactly right. MDCO is knocking or right on the lower BB and poised for a move up, so I think that it's time to buy stock or SELL Puts, or do both on this one. I am going to try a spread, and need to yet leg the top position, but will do so at the right opportunity. I really think the downside is minimal. Just under 20 maybe, but not for very long. I don't think oil will stay down here under 15 for long either. OPEC countries are again hinting of more cuts, and if we've learned anything from our last bout with oversupply (which we are still in), that their pain threshold is real. They will eventually get it right... It doesn't feel that way today, however, but we've lived through this pain before. Besides, bellweathers like SLB, RON, NE were only down under 2%. Really not too bad. I suspect that for some stocks like MDCO, there are opportunties. What irks me is that I really stepped up to the plate this month and sold IN MONEY CALLS on GLM (at the time 25's) and they STILL DIDN'T TAKE MY STOCK. Yes, BAZ, I do sell in money calls!! Guess I just have to practice again on selling dem calls again for June.... I can hear DOG still laughing about all the free money he made this month via covered writes... Regards,