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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: profile_14 who wrote (84730)5/17/2007 5:44:54 PM
From: falconflingagain  Read Replies (4) of 206325
 
Well I've been rec. them for years....really long term calls (leaps) on almost any of the drillers. I have SU (ok not really a driller), NE, RIG, GSF, etc. DO has been slow for me. My leaps are converting to calls as Jan 08 nears, and action has been especially good for GSF. Last week I sold about 40 contracts for 17.80 (cost 15.80 or so last year) and rebought a few of same a few days later for $15.90, and this week they're back up in high cotton....very high cotton. No one on the board ever seems to listen to me when I recommend them, but I can bet you 2 corvettes and a new pool that they're worth looking at. (shameless plug: the Corvette, when equipped with a manual transmission, averages over 32 mpg at 75 mph, in 6th gear). Disclaimer: I used 6% based on the dollar amount increase today of my calls/leaps and not on the total option plus cash. It actually was a bit more than 6%. As the year progresses I'll likely sell out all '08s and rebuy '09s.

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