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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers
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To: marcos who wrote (14608)6/27/2006 4:46:42 PM
From: koan  Read Replies (1) of 78412
 
marcos, I have been bloodied so many times it isn't funny. So, I have paid my dues. But I was also once saved from bankruptsy by having a ton of Pegasus wts in 1987. .30 to $5.25.

I know the danger in wts and I know most people have difficulty understanding them for whatever reason. Because I have been explaining them to doctors, lawyers and Indian chiefs for many years. But anyone who takes the time to understand them has a huge edge. Wts are deceptively complicated.

And they are much better these days because they usually have much more time than in the old days. The SLW b wts are 5 year wts (leaps for all practical purposes).

Yes, they are dangerous and often I argue with myself whether I should lead people in their direction. But on this thread most of the posters are adults.

And I hate patronizing anyone. Wts can be such a powerful tool not only on the upside but as a hedge and can even be safer than stock. Under certain circumstances wts will provide leverage on the upside and limit losses on the downside ergo actually better than buying the stock.

I will explain this last sentence in another post someday when I am not rushing. Maybe tonight after a drink and a smoke-lol.
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