Welcome to Slider's Dugout Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Welcome to Slider's Dugout

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: SliderOnTheBlack	1/12/2009 3:37:32 PM
	4 Recommendations of 50725

Trade Alert: Lock & Load and start selling puts... finance.yahoo.com SELL the April 2009 $20 PUT on GG (Gold Corp). Premium is now $2.00 ish... Worst case - come April if GG is under the $20 strike price you own it for example at $19 - $2 put sale premium, for a $17 cost basis. Good case - come April GG is over the $20 strike price and you get to keep the $2 premium Best case - GG rallies strongly from here and you get to close out the trade/buy the put back for a 2-3-4 bagger. -- The HUI ran from 160 to 311. -- 50% garden variety pullback = HUI 240ish support. -- Supported by 50 DMA which is now @ HUI 238 Longterm early cycle resistance @ HUI 250 becoming new support would be very bullish but small penetration on pullback to 50 DMA would not be bearish. So our target "buy/re-entry" area on this pullback is from HUI 238-250ish. Any significant penetration of 50 DMA would be bearish - so set stops just below that area. So our target "buy/re-entry" area on this pullback is from HUI 238-250ish. I like "selling puts" as my initial re-entry, although I did just buy some GG common minutes ago as well. I really like GG on this pullback. Super strong balance sheet, good cost structure, safe and secure North American asset base. I thought we'd be able to "buy 'em back cheaper" the first couple weeks in January...and now you can, so get busy. Message 25283876 "I think you can buy it (them) back cheaper in the first couple weeks of January." Mo later, S.O.T.B.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next