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Gold/Mining/Energy : Canadian Warrants Only -- Ignore unavailable to you. Want to Upgrade?

To: LoneClone who wrote (8059)	5/10/2009 4:40:36 PM
From: onepath	Read Replies (1) \| Respond to of 23089

My choice on this is CWB.WT......much smaller amount of money needs to be used because of the 3.5 to 1 lev. and I feel CWB is much less risky than MFC.

To: LoneClone who wrote (8059)	5/10/2009 4:58:41 PM
From: tyc:>	Read Replies (1) \| Respond to of 23089

Hi LC. I share your recognition of the value of diversification. Although I do not hold any MFC per se, I do hold the ETF, XCV, which no doubt contains a fair weighting of it. And, like you, I am not "giving up" on PM's. In pointing out how well the banks are doing, I had in mind that the brighter the outlook for financials the brighter the outlook for mining specs that are stalled for want of financing. It is perhaps not surprising that the price of onepath's TRX seems recently more closely correlated to the bank stocks than to the metals. Hooray for that ! And TRX has a warrant LOL.

To: LoneClone who wrote (8059)	5/10/2009 9:09:59 PM
From: Ted L. Nancy	1 Recommendation Respond to of 23089

CWB.WT has been on my radar since the warrants came out, but since I did not have much cash left in my account I instead gambled on some much cheaper shorter-term warrants. All the while I watched CWB motor towards its $14 strike price and the warrants rocket from about $1.5 to $4.5. Made myself feel like the kid standing against the wall at the dance with his balls stashed away while everyone else was dancing their tails off with the girl I saw first. If the economic situation is indeed on the mend or if Wall Street's perception is that it is on the mend then Canadian Western Bank and its brethren should be poised for increased stock prices. The warrants will be all the better. This is definitely a good way to diversify. The cheaper plays I made are FFI.WT and RIT.wt. FFI is an investment fund that is heavy in insurance (Liberty Mutual being their strongest position.), banking and utilities. It's stock price has been lifted recently by the news of a good monthly dividend that is annualy about 19% of the stock price. FFI.WT is in the money. Strike price is $6.65 / most recent stock price is $7.29 / most recent warrant price $0.50. The strike date is not far off (september 15, 2009), so riskier than many/most. RIT.WT is a very wild card, but the extreme leverage coupled with the upturn in the financial markets made it worth the gamble. This fund is primarily a real estate fund. RIT.WT just hit its strike price of $7.00 (strike date is July 23, 2009). The last block of warrants trades for $0.125. The strike price of both of these warrants is based upon the NAV of the funds. RIT had a NAV of $7.52 on 5/7/2009, which leads me to believe the stock price should still inch up a little. The warrant should follow. The strike dates on both of these are extremely close, but they are both in the money and both stocks have recently traded for a decent chunk more than they are trading for now (FFI @ about $13 and RIT @ about $10). I picked up the FFI.WT's for $.075 and RIT.WT's for $.015. Hopefully I can make my escape by selling before this whole thing falls apart and I am left with my pants down. lol. I feel a little exposed. If I sell tomorrow, I am guaranteed a profit. But, the allure of the lol hundred bagger is more than tempting. I am going to ride this horse a little longer. A few extra dollars might be worth a whirl. I would not recommend this kind of "investing" to my friends. Since I do not know you guys, I say go for it! A few dollars might be worth a spin at this wheel. Good luck to all.