Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: pezz who wrote (36974)	8/8/2003 7:24:30 PM
From: TobagoJack	Read Replies (1) of 74559

Hello Pezz, Today’s Report: I needed to setup my portfolio for continued gains in 2004, and so have started to position accordingly, in line with expectations of further economic bad news and financial mayhem: Shorted a dollop of FCX Feb 2004 Puts strike 25 @ 1.50/shr, Shorted a dollop of HMY Feb 2004 Puts strike 12.5 @ 1.60/shr, and Shorted a dollop of NEM Mar 2004 Puts strike 35 @ 2.60/shr. I figure these little gambles will result in walk-around money either when they expire worthless or after I sell any shares put to me by anyone willing to sell the shares to me at the specified prices. I will likely be shorting more of these shares’ options on any gold correction, because they are sure bets. Chugs, Jay

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