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To: Bread Upon The Water who wrote (54365)	5/9/2009 12:11:54 PM
From: koan	Read Replies (1) \| Respond to of 149317

I have been with many of the group on the thread I gave you for years. We all know each other quite well, so the trust is absolute. Onepath, shootfirst, Max, Bucky and Mario are seasoned. Ted Nancy is new, but a very fast learner. In the old days we always got in trouble talking about wts on regular mining stock threads. And there are legitimate grips about wts as they can be dangerous if one does not understand them. And they are deceptively complicated. But if one takes the time to figure them out they can actually be safer than stock. Wts contain three primary variables: time value, leverage value and intrinsic value. These three variables are always changing in relation to the time left on the wts, where the wt lies in relation to the strike price, and the leverage in relation to the first two variables. Sort of like shooting skeet, always a moving target. GBG wts, FR wts and OSK A wts look best to me right now. I also hold MTO wts and a few ECU wts. You get leverage on the upside and can limit loses on the downside, so in effect a free lunch in relation to investing in stocks. Several years ago I was debating silver wheaton wts on a thread on stockhoue I think? Onepath was the only one who really saw what I was trying to explain, and so he studied hard and now is one of the best.