I sold about 15% of FNC and 15% of BMK. Holding NOT and FWR, except for 500 shares I sold to buy 4,000 K wts.
I listened to the CEO of NOT and really liked the guy and we also have WINDFALL and they are gtting ready to go undergroud.
Also NOT can raise money now!
And maybe most important remember one can never prove there is NO ore, one can only prove there is, so speculation can have a long shelf life-lol.
I will start selling a bit of Not around $7/8, but I intend to have some at $30 or $40-lol. These things must be played by ear. Existential trading-lol.
The 500 share NOT trade was more a knee jerk reaction, I didn't need more K wts-lol.
It is one of my favorite plays i.e. I payed about $350 for the 500 shares of NOT. The 4,000 K wts puts me in control of $20,000 worth of K stock until Dec 5.
If gold goes to $1,000 by then, K will go to $30 to $50 a share and I will have turned $350 into between $20,000 and $45,000.
128 to 1 leverage-lol.
And for those with K wts, I think the play now is if we get a good spike in gold and K goes into the money well and the K wts take a good jump, then one must be prepared to trade them across for the K, B wts which do not expire until 2011. |
