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Gold/Mining/Energy : Telular Canada Inc. (TC.T) – undervalued?

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To: Abbeydale who wrote (76)9/2/1998 2:32:00 PM
From: Larry Newhook  Read Replies (1) of 133
 
I'm feeling better all the time. I've been following TC for about 3 years now. I've seen my father-in-law buy at 3 bucks (and still holds). I bought 10k last year at .22 & sold at .35. Bought 22,000 at .30 and sold at 1.25. Bought 10k @.90 & 20k @.70 & 500@.45 (still holding 30,500). In my opinion, this stock has turned a corner (maybe not THE corner, but nonetheless A corner). I'd be a seller about 1.75-2.00 and believe that the downside is relatively low.

PHV - OUCH! I tend to be a contrarian so I bought calls with $11 strikes (stock trading at 15 - $4 intrinsic!). After falling to $11 I bought the 10's. Needless to say these Septs and Octs are DEEP out-the-money. However if you have more balls than me, and want to long this baby, buy the calls. BUT only buy enough to give you the same notional as you would be willing to buy in the stock (i.e. don't leverage a spec play). The premiums will be your max downside, but with the same upside potential. I am happy to lose the $7k I paid in my call premiums, whereas I would have lost ($15*1000+$11*2000)= $37,000. Whew!

Looking for a good one? IMT on tse. .54-.55, and tends to pop over 1.2 every couple of months. I'm in small 10k shares @.70.
Regards,
Larry.
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