Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: Arik T.G. who wrote (2207)	9/27/2001 11:06:07 AM
From: isopatch	Read Replies (2) of 36161

Arik. Uh oh.<g> Sold all my KGC wk ago @ 1.00 to buy all that NEM $.3.25 CNV PR, while keeping an appropriate cash reserve. But not to worry. The options also leave me with enough additional cash to repurchase some of the KGC on this little dip. This time just a lg vs what was previously an enormous position.<g> One part of being a professional investor means there's no "day job" to pay the bills. So my investment capital can never be entirely devoted to capital gains. Melding the the PR position with NEM Jan 20 Calls allow me retain some solid cap gains potential until the PR conversion feature eventually kicks in at much higher gold prices. Since selling HGT, my largest position and a huge income producer (WAS that is) , in the spring AND after the recent crash in MM Fund returns have had to make some adjustments. NEM PR being pivotal in that respect. What are your current portfolio allocations? TIA Best Isopatch

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