BRE-X, Indonesia, Ashanti Goldfields, Strong Companies. 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 : BRE-X, Indonesia, Ashanti Goldfields, Strong Companies.

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Jeffry K. Smith who wrote (20070)	4/30/1997 5:41:00 PM
From: Cascade Berry	of 28369

I agree - I am a bull (cautious) - however there are only about 80 tradeable hours left in the May calls. That means the 5 strike options must lose .10 per day of time premium (not intrinsic value) over the next couple of weeks. I agree that Monday is extremely important. However I believe there could be heavy profit taking after the announcement, forcing the May option holders to unload - due to lack of time. They are then vulnerable to a new move up in the stock, when they would then have to buy the stock anyway to participate. Why not just buy the stock now? Hyperbulls don't get enough leverage in the calls on a move to 10+ to warrant the risk on a move to 8 only with profit taking thereafter imho. I suspect BRE-X principals will have a holiday shortly - they must be burned out - leading to a news vacuum for at least two weeks. This is bad for call buyers in the short run. Stock holders will get a steady rise over the next couple of months. Regards

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next