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Gold/Mining/Energy : Gold Price Monitor

GDXJ 128.04

+0.7%

Jan 16 4:00 PM EST

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To: IngotWeTrust who wrote (18108)	9/8/1998 4:36:00 PM
From: Zardoz	Read Replies (2) of 116864

Ohh, but I do know for a fact that I'm much smarter than you. OLE 49/r Has no idea as how leverage works: I don't feel I have to justify anything to anyone, let alone play teacher to a neophyte such as OLE 49/r. But many of my postings include opinions and advice. Many of which I have done. When I first started in options it was during the BRE-X failure. I heard it mentioned that the head trader for BMO {bank of Montreal} had 3.5M shares unsold on BRE-X. So that was my first put option. For $.35 it turned into $2.55 on 10 contracts for me, and my friend.{And this is on the SI as well} But I can't find it. Sure I've lost some {Gandalf comes to mind}, but they are more than covered by the wins. Example: {This was on the net} quote.canada-stockwatch.com Orignally I own some CDN TIP's for a while, purchased late last year. And sold them prior to: Message 5326798 DML was a junior stock, that I made very little on. {but the proof is there} More confirmation of a trade agianst a held position, giving leverage in a zero loss position. Message 5322060 Note: I bought SEPT 39.5 put's when the market was trading at $39.70-$40.35 Slightly out of the money. So I got the PUT's for $0.55 for 40 contracts. $0.554000 = $2200.00 Message 5437591 This was a temporary lock on the TIP put's to day trade the CIBC bank Never got to buy CIBC, but I did buy/sell the TIP's {not the options} Sell/Buy at (36.304000)-(39.50 4000)= 3200 profit {zero risk} Which than again left the TIP's PUT open again. On Aug 27 I closed the option to guarantee profits. I sold at {TIP's at 30.5} For 9.50 & around per contract SO: 4000 9.50 = 38000 from exit -(4000* 0.55) = 2200 from entry + 3200 from flip 39000 profit! This is only one example... And I find your attitude insulting & condescending, even for a troglyte. It was never my intentions to bring an open flaming war to the GPM thread. Which is why I desisted posting here. But by your latest immature actions, I feel that your free reign of misinformation must desist. It should be noted that this is not ALL my money. I trade on my behalf and a local investments clubs. But than again I made 30% [un margined] in less than 1 month on ABX Message 2842135 Message 2937028 Message 3004498 Message 3057524 Message 3116763 Message 3183697 Now GO AWAY! Go play with your $20/oz above ground gold. You ingnorant person. And ingorance is bliss. So you are very blissful.

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