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

To: marc chatman who wrote (26642)	7/28/1998 1:57:00 PM
From: Intel Trader	Read Replies (1) \| Respond to of 95453

Are CDG earnings tomorrow? before/after bell? thanks, it

To: marc chatman who wrote (26642)	7/28/1998 11:58:00 PM
From: Starlight	Read Replies (3) \| Respond to of 95453

If you think this slump will continue with drilling stocks, you could "double up" on your current position by buying Calls equal to your holdings, waiting 31 days and then selling your losing stock. You'd still have your Calls which you could exercise to buy the stock back if you wanted -- or sell them if they've gone up in value. Of course, if the stock has dropped more and the Calls are worthless at expiration, you'd lose on the calls -- but you could get the stock back at an even lower price. Be sure to check on WASH SALE rules though so you don't lose your tax loss by buying or selling too soon. Also, be sure your Calls don't expire for a couple of months so you can work around any Wash Sale rules. If you don't like the Options idea, you could double up on your stock by buying now, waiting 31 days and selling your losing(original) position. You'd get your tax loss and own the stock at a lower cost basis. I find this less complicated and I don't have to worry about Option expiration. You have to really stick with the decision to sell, though, or else you'll end up with DOUBLE the amount of stock, and it could all go still lower.