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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers
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To: marcos who wrote (14485)6/26/2006 2:09:32 PM
From: koan  Read Replies (2) of 78412
 
I am collecting those Mexican plays and agree with you about their potential.

BWR. wts are .27 in the money and do not expire until Jan 2009. Seem quite safe all in all. so for .64 you can control a $1.27 stock until Jan 2009.

1 for 1 and strike is $1. Wts are now undervalued as most people just do not know how to value them. It takes a while to get used to them, but I always make most of my money with them.

As mentioned, at the beginning of this move about a year ago I pretty much bought nothing but wts in the beginning. Which is my standard practise:

HBM at .05 (lots), BWR at .18/.23?? (lots), SLW at .35/.37?(lots) (close) and B's at $1.67 and then when they stalled out I bought a slug of ECU and other juniors like EXN and MAI, etc. UNB at .11, etc and they then moved up . In a breakout of the metals the wts can have the same upside as a penny stock, but with the safety of a major and they will move with the metals immediately while the juniors tend to lag the metals move.

So while I missed ARU I am still up about400%/ 500% this year. I was up more before my terrible panic selling (twice) at the lows in the recent correction.

I still have the 2,000 stock collapse in my head and I lost about 80% of my portfolio then, so I am still having shell shock from that experience.

I like fundamentals, but I also always watch the market to see what the market likes. So I am sort of a momo player as well.
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