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

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From: upanddown	2/27/2008 3:23:42 PM
	of 206241

Right now I'm glad I really didn't have enough in a taxable acct to buy LINE common. I went with the Apr 22.5 calls and got 150 @ .54. More comfortable not risking much since I am extremely risk averse these days. I just sold 1/3 at a triple so I got all my costs out. Willing to stick with the rest and see what happens with the CC tomorrow. biz.yahoo.com With Apr calls, there is also a possibility of a run up to the May div. One thing that concerns me about the Apr 22.5 is lack of volume. 15,000 OI and daily vol usually less than 100. I realize that there is still 50+ days to expiry but the vol still seems low. They are ITM now and sooner or later there will be a rush for the exit. I'm wondering if that much OI is part of some arcane hedging strategy using PIPE stock.

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