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Strategies & Market Trends : Dave Gore's Trades That Make Sense -- Ignore unavailable to you. Want to Upgrade?


To: Dave Gore who wrote (11316)8/15/2002 5:02:40 PM
From: The Vet  Read Replies (1) | Respond to of 16631
 
GMXX it's too close to gamblin' for me

You are not wrong but I was bored, gold is moving the right way and my big day is tomorrow to decide how many HGMCY calls to exercise and how many to cash out.

Actually GMXX is not a bad little company with a lot of very smart people. That said, I decided just to have a flutter and it is the best percentage gain I had all day... The MMs reluctantly sold me shares in 500 blocks from 3.90 up to 4.25 (my average is about $4.09) of and the last trade at the close was at 4.45.

Obviously all the holders of the stock now know the situation and nobody is going to sell until the shorts reach the maximum pain point... I may hold a while or I may take my money and run, but it will be a fun ride I expect..