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.

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

To: Lazlo Pierce who wrote (24404)	6/19/1998 12:11:00 PM
From: Bucky Katt	Read Replies (1) \| Respond to of 95453

DRL--Ouch! I just started buying the oil sector on Monday. I like to buy on the "bad" news, and sell on the good. What is your opinion of Lomak (LOM)?

To: Lazlo Pierce who wrote (24404)	6/19/1998 1:13:00 PM
From: SJS	Read Replies (1) \| Respond to of 95453

Been there, done that. However, there are two schools of thought on this: 1) You're "taking" a shot, so why quibble for 1/8 or 1/16? It's an extra amount of money, but if you "smell" that something's going to happen, what's a small amount like that compared with the potential gain? 2) Stay true to the discipline of splitting the bid and ask for options, no matter what the price. I missed a few very large ones too, but I still think, on balance, I like the thoughts from camp 2. Regards,