Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Invest / LTD -- Ignore unavailable to you. Want to Upgrade?

To: Thean who wrote (381)	5/21/1998 4:53:00 PM
From: Gator II	Respond to of 14427

Many thanks for one of the most thoughtful and comprehensive responses to a question on a specific stock I can recall seeing here on SI. Already own PKD (significant percentage of portfolio) and have written calls a couple of times, profitably, but when I thought the time was right to sell, strike price was nicely in-the-money and I had covered calls written against it and felt I was locked in (yea, right, _greed_ for the last ounce of blood). Well, you know the rest of the story, it was last Fall and I rode PKD back down to below the call's exercise price, still own the stock and it has continued to decline. My gut feeling is to double up, at this point, stay long (no covered calls) and wait for a bounce into the mid-teens even if it takes a year or so. Have made enough off the calls to at least equal a good annual return and even at today's closing price, it still is above what I paid. Actually, I really do like the stock and believe the Parkers are doing all the right things. Of course, the biggest risk is lingering death i.e., dead money, if crude doesn't recover for "several" years. Again, thank you for the courtesy of such a thoughtful response, Thean. Gator II