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Gold/Mining/Energy : KOB.TO - East Lost Hills & GSJB joint venture -- Ignore unavailable to you. Want to Upgrade?

To: grayhairs who wrote (4855)	9/16/1999 8:47:00 AM
From: STLMD	Read Replies (1) \| Respond to of 15703

Good Morning Grayhairs... <So, what kind of a premium would you require for a 120 day call option at $5.00 ??> Given my cost basis it would be easy to write a covered call for 25 cents or less and make out quite well. If I were purchasing the stock today at $2, to protect future profits it might rise to 50 cents or higher, given the BKP#1 possibilities. In conclusion, I would not be unhappy to unload at $5.25 in 120 days, realizing that the potential for missing further upside would be there. On the other hand, I might use the covered premium to buy additional investments now and hedge even further....Regards...Stephen