Trades On big Board,
has lots of cash, have never lost on the stock yet,
started in the early 70s. at 3 per share,
have bought 3 different times at 3,4, 5, and always sold at a very nice profit, 15 to 30 range.
investor1.com
KAPLAN'S CORNER: Question: A number of news stories mentioned heavy purchases of out-of-the-money gold
put options, especially at the $265 strike price. What does this mean? Answer: Options trading, when it is either
lopsidedly tilted to either the call or to the put side, is a valuable contrary indicator. When late-arriving speculators
are strongly betting on a sharp decline in any financial instrument, especially when increased volatility premiums
indicate that these speculators are paying top dollar, and when most of the purchasing takes place at the ask price,
indicating that these speculators are unusually eager to establish their positions, they are almost always wrong as a
group. The fact that so many are paying inflated, non-negotiated prices for options which would require a four
percent or greater decline merely to be in the money indicates how extreme the bearishness sentiment has become
in the gold market. Just as a top is defined by ultra-heavy out-of-the-money call buying, a bottom is defined by
ultra-heavy out-of-the-money put buying.
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This is the long term outlook.
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