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

To: dealmakr who wrote (37073)	2/9/1999 2:06:00 AM
From: Douglas V. Fant	Read Replies (3) \| Respond to of 95453

David, Joint Ventures between two major corporations are pretty consistently money-making machines in the energy sector-especially when the two JV partners are dominant players in the particular sector even before the JV like WFT and GE here. This will be a good money-making venture for both companies I predict. I've been holding WFT long and just selling an out-of-the-money call of WFT for around 5% return every month. Not much downside there at $18-19/share and at this pace one can make 60% on his/her money in twelve months if WFT just goes sideways.... And if you are a gambler buy a good drilling stock and only sell the covered call in the last two weeks of its life- you still make 2%/month and hold a stock with good potential upside. but IMO drillers could go a little lower pricewise than the service companies still. Let's test that thesis- wednesday WFT releases earnings. My guess is that they are poor. Let's see if they have any impact upon WFT's stock price. Even if poor, I bet that WFT won't move much to the downside with the news.... Sincerely, Doug F. PS BTW anyone here like Japanese stocks? The new BOJ head really impresses me.....