Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: William H Huebl who wrote (56740)	2/10/2002 8:23:38 PM
From: Moominoid	Read Replies (1) \| Respond to of 94695

Gold is following veyr nice E-Wave patterns. Since last March it has been in a very clear but bounded up channel - it just hit the top of the channel.... I need some more cash to do this, but don't want to sell anything I've got and need to buy a round the world ticket... as some other positions got whacked in January and Feb I can't take margin away from them. Volatility is very high on Lihir Gold (http://cres.anu.edu.au/~dstern/LHG.gif), one of my candidates which tracks the gold price very closely. So shorting deep in the money calls may be better than buying puts but I'll need more cash to do that. In Aus the minimum actual short I can take is $A50000. I need some more margin for that too..... I need to learn not to be so greedy on the up moves so I have some buying power at the bottoms!