Roger's 1998 Short Picks Message Board

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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Oeconomicus who wrote (13484)	9/5/1998 9:49:00 AM
From: Joey Two-Cents	Read Replies (3) of 18691

Bob, I think we may see a rise in the price of gold of several hundred dollars in the next 18 months. I think returns 10,000% are possible by buying out of the money calls on gold ie. May 2000 Calls 100oz contracts, strike price of $ 380 for $ 200 per contract . Ten contracts for $ 2,000 will earn you $ 1,000 for every dollar the price of gold goes above $ 380. A price of $ 500 will earn you a 6,000% return. As you're aware back in March when CCI was $ 180, CMB was $ 130 and BT was $ 118 I purchased out of the money LEAPS and made a bold pedicition of 2,000% returns by 1/00. The free fall in the banking stocks even caught me by surprise and indicate to me problems of epic proportions that the banks have yet to disclose (derrivative losses?)or are about to face. Message 3746260 IMO the move up will be swift especially as Y2K approaches and faith in the financial institutions diminishes.

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