Bema(Bgo) and Arizona Star Message Board

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Gold/Mining/Energy : Bema(Bgo) and Arizona Star

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To: william smith who wrote (413)	10/23/1996 7:05:00 PM
From: Ken Benes	of 10482

I have done some pretty ballsy things in my day, but I don't think I would ever go naked on a stock like AZS for a couple of reasons. 1. regardless of what the drill results may or may not be, this company is sitting on a very large deposit that in all probability will get much larger, 2. AZS is a takeover candidate and just the serious mention of a suitor could send this stock higher. FWIW, it is common knowledge that AZS has already been approached on a 19.00 bid and turned it down. All things considered, this stock has the potential to gap up on the open and move throughout the day. With a naked call in your pocket, you could get creamed. I myself would be leary of writing a covered call and take the chance of missing the action up for .65 cents. Investing in exploratory mining issues is an artform that should not include holding naked options. Ken

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