Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: AC Flyer who wrote (17759)	4/3/2002 11:05:32 AM
From: TobagoJack	Read Replies (1) of 74559

Hi Mike, I just shorted (wrote) some SWC July Puts Strike 15 at USD 1.35/shr, and bet that (a) the company and its proven reserves are stable, (b) probable reserve accounting is not relevant to share price in the short run, and (c) Ford's written down palladium hoard is not for sale (if they do sell, they will have to write off more). Besides, historically, USD 15 has been (certainly relative to USD 20:0) a safe trade for SWC. I post my trades, the few that I do, as I make them, and so the history of winning and losing is just that, history, because I have no reason to fudge for diary purpose. Chugs, Jay

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