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Strategies & Market Trends : Natural Resource Stocks

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From: ryoung8918	8/25/2006 2:15:52 PM
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Sold 1/2 position NG Mar 07 17.50 calls @ 2.15 vs. 1.05 entry posted earlier. Like the moves NG management has been making, particularly the suit this morning accusing ABX of misrepresenting the probablity of meeting their earn-in requirements at Donlin Creek by the end of 07. I believe ABX cannot meet their requirements at DC, and that is what precipitated the HTO to begin with. At this point, I'm actually concerned (not likely, but possible) that NG could be successful in remaining an independent company. So I thought I'd recover my original investment in the options and hold the rest...probably more than anyone wanted to know about my thought process... ;-)

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