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Message Boards Settings Range Resources Corp. (RRC) - Quote Info
What a strange few weeks!     28-Oct-09 04:00 pm    
On October 8th I sold covered calls on my entire position for the Oct $52.5 strike. Couldn't believe that by experation not only were all my shares called away, but the premium I received was no where near what I could of had if I didn't sell the calls. When the stock touched $60, I figured I had really blown it.

Now today, less than 15 trading days later from selling the Oct Calls and only 5-days removed from hitting $60, I bought back half my original shares for ~$51.

From my perspective, the only changes in the last few weeks have been positive. Earnings were not great but not worse than expected. No taxes from PA, and the governor has been on several interviews saying how strongly he is supporting Nat Gas.

Did I just get lucky to get some of my shares back? I am crazy to be thinking of buying back my other 1/2 if this breaks $50? Is the overall market going to keep falling or is this just another month end correction that we seem to be having over the last several months?


Sentiment : Buy
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ronjfarrell

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  Subject Author Rating Time of Post (ET)  
 
What a strange few weeks!
ronjfarrell Not rated 28-Oct-09 04:00 pm  
 
when a stock trades for 70x earnings, it can rise ...
afoxtrot870... (1 Rating) 28-Oct-09 04:04 pm  
 
RRC still seems like a very peculiar stock to...
ronjfarrell Rate it 2-Nov-09 03:23 pm  
 
nice trade range..... was $60 - now $48
prospectule Rate it 13-Nov-09 11:02 am  
 
must be a seller out there the other drillers...
oilexplore1 Rate it 13-Nov-09 12:30 pm  
 
Definately a seller of size. I have seen...
pepsivol Rate it 13-Nov-09 01:00 pm  
 
Just bought the same for myself. Th...
value_00 Rate it 13-Nov-09 02:13 pm  
 
I agree, it has dropped 20% si...
oilexplore1 Rate it 13-Nov-09 02:20 pm  
 
is Range presenting @ Ban...
prospectule Rate it 13-Nov-09 03:25 pm  
 
We will be at Pritch...
oilexplore1 Rate it 13-Nov-09 03:51 pm  
 
thanks.. ...soun...
prospectule Rate it 13-Nov-09 04:01 pm  
 
Maybe I have been st...
value_00 Rate it 13-Nov-09 03:54 pm  
 
it did make a d...
oilyakbar Rate it 20-Nov-09 12:11 am  
 
Huge volum...
pepsivol Rate it 20-Nov-09 10:12 am  
 
Took ...
oilexplore1 Rate it 20-Nov-09 11:22 am  
 
Loo ks...
theyogue2 Rate it 20-Nov-09 12:21 pm  
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Range Resources Corp. (RRC)

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At 4:03PM ET: 47.13 Down 0.80 (1.67%)
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