Gold and Silver Juniors, Mid-tiers and Producers 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.

Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: koan	4/18/2006 3:12:26 PM
	of 78419

ABI $1.30 up .21 took off like a rocket this morning, so I did not add to my position there. UNB .35 started producing moly today at their mine, so I doubled up there. An old friend many of us know is running that operation. He likes to keep his SH handle private. Given the strength in metals I sold some SLW ws and bought more K wts. K $13.30 (strike $15) K wts are giving almost 5 to 1 leverage. wts .90 - 3 wts for each share at $15 for almost 2 more years. Divide $2.70 into $13.30 (in hotel no calculator), but that is close to 5 to 1. I sold some SLW A wts which are $1.70, stock is $13.00, so less than 1.5 leverage. SLW A wts are 5 for 1 so divide $8.50 inot $13. For every $1 SLW goes up one gets .20, but as we are so close to the money here with the K wts going forward the K wts will shortly get to a point where they will go up .33 for every $1 K goes up. And as I am getting almost 2 k wts for 1 slw wt for each dollar K goes up I get .66 rather than .20, so about 3 to 1 leverage there. Gets pretty complicated-lol. I think I lost myself soemwhere in there-lol. But I know it was a good trade. Sort of like a 6 year old not know fractions, but knows the bigger piece of pie-lol. Cheers,

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next