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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: Jim P. who wrote (142755)	12/19/2010 5:23:07 PM
From: Bearcatbob	Read Replies (1) of 206181

Jim, I have no idea what the value of MMR is - it could be big or busto. I have played it with frustration for years. The covered call game with a 5000 share block is about the limit I want to take. Flatrock was supposedly a company builder. What it has been is a bridge to more drilling. I guess my near term goal is to get called at $17 next month. I have bigger fears for my ATPG. I have a bigger block of that and my goal is to get called next month at $16. Frankly I fear that the only companies that will be allowed to drill in deep water are those who can spend billions in the case of a blow out. That would leave ATPG out - and me with a tax write off. Perhaps they can sell their GOM assets to a major with deep pockets and avoid being a notch on the gun of the administration. In my Covered Call game I can get 2% + per month with minimal risk. By playing names like ATPG and MMR I can get to about 3%. My thought is that MMR and ATPG are risk. One must determine how much risk one is willing to take. For me - MMR and ATPG are the remnants of the risk games I used to play. Bob

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