Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (69933)	7/13/2008 5:14:12 PM
From: prometheus1976	Read Replies (1) of 74559

Hong Kong Hedge,lol,i'll have to remember that.. I am already long the DGP-Double Long Gold fund,so if i short the Double Short and buy more DGP then i guess i will be leveraged 4 to 1 on the gold price-unless i do it on margin then the leverage will be 8 to 1? Truthfully, i am not keen on either of the 'Ultra" plays as i don't know what happens to Deutch Bank..but i am long the DGP @20.70 target 32.00 i am not touting NXG hard,but the math is buy the stock ,sell the call,sell the put.IF the stock is above 2.50 the annualized return is around 120%..(for the December strikes) Now if i borrow the money from the bank,or sell some GM short naked to generate the original NXG stock purchase price,and do that on margin ,then i can boost my annualized return to substantially over 400%,and call Citadel,or Eddie Lampert to fund my new "Canadian Miners Exploitation Super Ultra Long Fund".. I just know Merrill will push it retail with a 10% load .. My regards,Prometheus

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