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 : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: pezz who wrote (45271)	1/26/2004 4:14:07 PM
From: TobagoJack	Read Replies (2) \| Respond to of 74559

Hello Pezz, Report – Canadian Front: I bought back my shorted AEM February Put strike 12.5 at USD 0.55/contract, realizing a negligible profit of USD 0.25/shr Message 19228192 <<August 21st, 2003>>; I decided to leave the other part of the Siamese twins trade Message 19228192 <<August 21st, 2003>> alone, allowing the AEM February Call strike 15 to expire worthless on my opposite speculator, claiming his USD 1.3/contract premium as my prize. After I got done with my opposite speculator in the above described game, I tempted the person with a brand new exchange that he is not so familiar with :0) I shorted AEM August Put strike 12.5 at USD 1.40/contract, and just as a puzzle for my opposite, I shorted AEM August covered Call strike 15 at USD 0.70/contract :0) … the opposite speculator agreed! To remind you, my underlying AEM positions were accumulated so, some by pillaging and others by foraging: Message 18253310 <<November 19th, 2002>> Message 18732391 <<March 21st, 2003>> Message 18949830 <<May 15th, 2003>> Message 19221008 <<August 18th, 2003>> … I will skip the tallying, because I know, ultimately I will have a bunch of AEMs with effectively zero cost basis ;0) As I mentioned many times, I think option premium is like rent, and one should never be completely without it, as if it is air. <<Unloaded some deadwood that if I had the slightest clue as to what the hell I wuz doin I would've done last week! ... got outa the NEM biz @ 6.90 paid 10.70 ... bullish for you ...and others.... who know who they are. Nonetheless hada stop the pain.Hope gold goes to ZERO! %^)>> Yes, you did not go with the Force ;0) As the Albino priest in "The Da Vinci Code" would say, '<<pain>> is good', for that is how we get to reflect and learn, even if only for a nano-second before we are finally, as in really, done ;0) There is much to learn about gold, and the first lesson is, 'it has no correct price', and so zero is as good a guess as a million, in any currency unit :0) Chugs, Jay