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Politics : High Tolerance Plasticity

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To: Libbyt who wrote (20701)	12/9/2003 8:34:58 PM
From: kodiak_bull	Read Replies (2) of 23153

Libby, My view on OMG is that it has no resistance below $30, and we are in a commodity bull market, right? And cobalt is a commodity, right? Where to buy OMG (or better, OMG calls, at this point)? Well, on a dip or in a base. I don't know if it will form a base again (like it did at 15-16) but I'm sure it will find a time to dip a little. If I didn't have a position in OMG I would look to buy the April 22.5 calls (which I own) on a dip to about $3. When the stock runs to $30, those calls should be worth about $8 (depending) and when it goes to 32 they will be worth close to $10. Maximum risked: $3. Maximum gain: $7. I think that's probably better at this point than risking the entire $25. Kb

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