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


To: jennifersilversun who wrote (94697)10/11/2007 6:19:22 PM
From: koan  Respond to of 312877
 
Hi Jennifer,

Honda options were .125/ - 1/8.

And I remembered the Jan 2010 CDE calls way out of the money I bought, were bought for a different reason than I told you-lol. Sorry, as it is important. It was early. the reason I gave you is also a main resason I do that. But as reason posted below is the main "rocket variable"-lol. Just as I see Iran as a potential rocket variable.

If you can predict the rockets, then you can buy out of the money leaps and wait-lol.

The main reason I went out another year for CDE options to 2010 is because CDE has a new 230 million dollar gold mine all ready to go and it will be a huge cash cow. The kensington near Juneau Alaska.

.25 ore with real good rock and 100 wide foot wide main vein. And there is high grade gold all over the place where they are at. It will run a 100 years.

They are hung up on just one thing. Whether the courts will allow wet tailings in a pond, or will make them dry stack it. But they will open that guy and the stock will jumpr big time when they do.

I figured 2010 should be plenty of time.



To: jennifersilversun who wrote (94697)10/11/2007 6:25:34 PM
From: koan  Read Replies (2) | Respond to of 312877
 
Jen: "I've done well so far with my newbie forays into options. Think I might go more in that direction."

Me too Jennifer and as a yank I do not have to lose the huge currency conversion TD and PENNtrade take.

Just $10 and .75 per contract.

I am going over things tonight. Am going to look at Hecla tonight (HL). They have a huge cash cow in Greenscreek zinc/silver/lead/gold mine and they are a good silver proxy.

Good options too.