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

To: KyrosL who wrote (91254)	9/29/2007 11:54:33 AM
From: ChanceIs	Respond to of 206330

>>>thanks for bringing ENT to the attention of the thread<<< No problem. Thanks for looking into the fundamentals/financials. One might expect that the corporation would have a new Mandarin name in a few months given the 2:1 sales price. Nevertheless, I did net $0.40 by selling the $2.50 Oct calls against my longs, and the same number of naked Oct $2.50 puts. Based on the tecnicals it should complete its current bounce and pull back. So I may end up with 2X my shares by Oct expiry. That would be OK with me. I would just sell Nov $2.50s against the new shares and let the old shares run. I think that the risk of missing a big gain on a buyout is quite real. OTOH, my ERF, CNE and even HTE are treating me quite well. It makes sense to take some profits here at $2.71 from the $1.30 low of a few days ago. Pigs get fat, hogs get slaughtered