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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: pezz who wrote (44006)	12/29/2003 8:56:48 PM
From: TobagoJack	Respond to of 74559

Hello Pezz, Report – NYSE Front: I just got confirmation on my last night’s activities centered on the ATM that is Newmont, which I take advantage of as my personal social security entitlement ... you know, 'free' money :0) I shorted a couple of dollops of NEM Put June strike 42.5 for USD 1.90/shr. I still believe NEM and gold will correct in a somewhat serious way, at some point, testing the believers’ faith, but I figure, as I am a faithful, and the currency in which NEM is denominated is going to monetary regime purgatory, the risk is manageable. I must note that my shorted NEM Puts strike 42.5 for the months January, February, and June is adding up to a serious number. I just tapped out the calculation on the HP12C, and I say ‘yikes, ouch, holy golden cow!’. Overindulgence, it is so addicting, but in a bull market, so pleasant :0) Chugs, Jay