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

To: Richard D who wrote (27378)	8/8/1998 4:08:00 PM
From: James F. Hopkins	Read Replies (1) \| Respond to of 95453

RD; TDW would be my only pick at this time if I had the spare cash. the way I would play her would be cautious. Roughly I might start] Selling puts ( writing puts )27.5 ? on half of what I was willing to accept. If she is moving up, and short term it looks like she may, I would then buy the other half, using some of the put money, and place a stop loss order 1-1/2 points below her price, if she moves up I would move my stop up staying 1-1/2 pts below her price. If she moves up fast I would kill my stop loss, and write covered out of the money calls. (leaps) Then sit on her and collect the dividend until she was called. ( any time she dropped back I would buy my calls back cheaper if I could clear a point or two, and if she went back up sell them again ) If she falls, you get stopped out, but your put money ought to cover the most of the loss, thing is you could wind up having her put to you with her falling, and you wind up having to hang on to that half, maybe writing more puts for the other half when you think she has bottomed. Jim I found the rigcount data url, but the server is down :-(