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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: Lhn5 who wrote (51745)	5/15/2006 10:07:56 AM
From: Canuck Dave	Read Replies (2) \| Respond to of 313039

Yeah, I was just looking at a few. PAA is now officially less than the price I sold it for in February 2004 (22.65), despite silver being 60% higher now (well, 50% in Canadian dollars). Butt ugly chart, though. CD

To: Lhn5 who wrote (51745)	5/15/2006 10:41:20 AM
From: tyc:>	Respond to of 313039

>>....to buy a few long term calls or leaps on? I still like rng.wts. It's not a major but it is a producer and the warrants are just like leaps eh ? In today's 1st quarter report they say; "Net income for the first quarter of 2006 includes a derivative loss of $9.7 million, mainly as a result of the effect of the higher copper prices on the fair value of the copper forwards...." The "change in fair value" loss was the result of copper going UP. Doesn't that mean that when copper falls the change in fair value will result in a profit ? Perhaps a good way to hedge a long copper stock position ?