SSRIF Silver Standard Resources Message Board

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Gold/Mining/Energy : SSRIF Silver Standard Resources

SSO 117.21

+0.4%

4:00 PM EST

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To: ForYourEyesOnly who wrote (282)	12/5/1998 12:03:00 PM
From: EZbeliever	of 403

THC... Very good points!!! I like the Idea of Dec.99 calls on PM's. Have thought about it but that is about it. Very concise explanation on the risk/reward of the silver play. Might just throw $1500 to the wind for five contracts on the very play you described and see what happens. Another avenue I have been pondering is the use of futures. Of course, one can buy contracts well beyond Dec.99. My problem is not the risk of intermediate losses but the fact that one should probably keep a good chunk of cash on hand in the event of increased maintenance requirements. Would hate to sell low ball positions to cover temporary losses. Which leads me back to something we have said many times in the past; "some PM equity plays offer leverage similar to derivatives but with no expiration or maintanance calls". But I like your idea on the silver calls. Good advise. Right or wrong I am staying fully invested because of a belief that the initial start of a bull market in the PM's will be sudden and unexpected. Don't want to miss the beginning because it is those initial doubles and triples that lead to exponential gains later on when the masses come in! Which reminds me to tell you. I was not a net seller in the last mini- ralley. Just sold half of my SSRIF to reinvest in other plays I thought were more undervalued. I don't automatically sell half on doubles like many investors in PM's. Look at the numbers sometime; it really takes the wind out of your best bottomfishing picks if a stock really takes off (and they will). Unfortunately, my SSRIF proceeds went into GRE which has performed almost as bad. Basically a wash with a negative tax kicker. What can you expect, this market is TOUGH! Thanks for the reply, EZ

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