BRE-X, Indonesia, Ashanti Goldfields, Strong Companies. Message Board

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Gold/Mining/Energy : BRE-X, Indonesia, Ashanti Goldfields, Strong Companies.

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To: BobJD who wrote (19848)	4/30/1997 1:22:00 PM
From: Donald Watson, Jr.	of 28369

You purchased "May 5 Calls" That means the strike price for this stock is $5.0 anything above the $5.0 strike price is automatically "IN THE MONEY" It will be worth AT LEAST the amount over the strike price. Another example, if the stock goes to $7.0 per share you are in the money by $2.00 and the option will be worth at least $2.0. I guess In my example of $10.0 stock price will be worth at least $5.0 + any time value that is left or the momentum value may make it worth more as well.( explains my extra 50cents) I own stock and options for May and August. If I were to go back in time, I would have purchased all MAY 5s. The reason I say this is 5 is the lowest strike price and it gives you the most return. Right now May 5 are 75 bucks, Aug 5 are 95 bucks. This is all or nothing play, if Strathcona says no gold like Freeport Your calls are all screwed, there going to Zero. But when the results come back posotive and people scramble to get back in the May calls will get you a 20% bigger pop. Also sell the options and take your profits. Your playing the options to make money, not to purchase (CALL) the stock. Good luck, Get 'em John!! Don

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