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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: RWS who wrote (43504)	5/4/2005 10:54:56 PM
From: kodiak_bull	Respond to of 206338

RWS: I can see that you might need about $25,000 to buy 1,000 shares of PTEN. Why would you need $25,000 to buy 20 KWK contracts that only cost 0.95??? (or $1,900)??? If we both started with $100 million in capital the percentage gains would be irrelevant. Kb

To: RWS who wrote (43504)	5/5/2005 10:11:34 AM
From: kodiak_bull	Read Replies (1) \| Respond to of 206338

RWS: I was a little tired last night and forgot to mention that my 20 call position in KWK "controls" (obviously it doesn't really control!) about $106,000 in stock. I just sold my KWK calls for $1.45, a quick 40% take. As of 10:00 a.m., here is the update: 1. PTEN equity--updated--5/5/2005. Long 1,000 shares of PTEN at the 5/2/05 open, $23.93, commission of $9.95, total capital at risk: $23,939.95 Closing value at $25.92: $25,920.00 Net gain: $1590.05 Percentage gain: 8.3% Current capital at risk: $25,920.00 (all) Cash: 00.00 . KWK options campaign.2 a. (5/2)Long 20 KWK May 55 calls at 0.95, commissions of $25.90, total capital at risk: $1925.90 Sold at (5/4)$1.65: net $3300.00 Net gain: $1348.10 Percentage gain, first trade: 70% b. (5/4) Long 20 KWK May 55 calls at 1.05, commissions of 25.90, total capital at risk: $2125.90. (5/5) Sold at $1.45, net $2874.91, 35.2% gain. Starting capital: $1925.90 Current capital at risk: $00.00 Cash: $4023.01 Total percentage gain: 108.9% Kb