Barrick Gold (ABX) Message Board

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Gold/Mining/Energy : Barrick Gold (ABX)

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To: jocko who wrote (2037)	2/8/2000 6:01:00 PM
From: Enigma	of 3558

"For every $100 over the strike price, they are looking at a $680 million loss" A virtual loss??!! If I own a stock which cost me $10 and it's now at $30 and I write a call on it at $32, and pocket $3, and it goes to $100 - do I have a loss of $100-$32? Or am I happy with my profit of $32-$10 + $3. And content to let the buyer have his profit too. What's gone is gone. A little sleight of hand in your quote I think!

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