Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: isopatch who wrote (93715)	8/14/2001 2:43:47 PM
From: Tommaso	Read Replies (1) of 95453

That's correct. If you will look at what has happened to the Euro you will realize that a movement of a couple of cents in that is enough to make the warrants worth 50% more than they were. There are also good moves in DJX and XAU puts, and closing a couple of shorts on QQQ out helped. As I recall, you did not believe the trades, which I posted, in ROYL either. Maybe this will make you feel better: this gain is all in my cash trading account. My IRA account is not up nearly so much and in fact is down about 7% for the last month. In all accounts I am very heavily into antidollar positions: BEGBX and, quite recently, FAX. You can watch what happens with these and taunt me when they go down, which I know you will enjoy doing. The bonds in these funds reflect currency fluctuations. FAX is up over 3% in two days. In the future I will only tell you about what I lose money on, and perhaps then you will believe me. Ok, for example, I think I paid anywhere from $275 to $350 for the gold bullion coins I own, so I am losing money on them. Now you can happily think of something nasty to say about that. Haven't you ever seen your own holdings change by 7% in a week?

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