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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?


To: LoneClone who wrote (32351)2/9/2007 1:42:31 PM
From: koan  Respond to of 78431
 
LC, EDR has looked real good. The wts are tricky as they expire in October of this year with a strike of $5.25. The stock is $5.60 and looks real strong.

About .40 in the money and .80 time value.

EDR looks so strong I might take a swing at it here, but it is way too risky for people who do not understand wts. Short time.

For anyone who wants a real blue chipper I really like it.

PS as a stock moves through the strike price the wts slow down, as if in a time warp, as the time/leverage value is metamorphasing into intrinsic value and can be the perfect time to buy wts.