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

To: Salt'n'Peppa who wrote (140180)	9/17/2010 11:25:48 AM
From: CommanderCricket	Read Replies (1) \| Respond to of 206337

Black Swan events happen to holders of stock too. "It is also why one should always leave >25% headroom in the margin account." For me margin is big a "no no" with options. At a minimum I keep maintenance/cash levels in the accounts to cover the option positions. This also allows for a nice a chunk cash around for quickie opportunities.

To: Salt'n'Peppa who wrote (140180)	9/17/2010 11:53:19 AM
From: Bearcatbob	Respond to of 206337

"Black Swan events are rare but yes they do happen." This spring my portfolio was rocked by two "Black Swan Events". The first was Greece and the second was the BP spill. I did not own RIG, BP or APC. I did have other offshore positions that were rocked. Since that time I have been fixing the problems by rolling problem positions forward and allowing time to fix things. An end to the moratorium and an end to the fall shoulder season should completely finish the healing process. Also, I am not sure if one would consider the collapse in interest rates a "Black Swan" (although one could say it was part the of the Greek thing). I had TBT positions that were destroyed. I think those who have run to bonds are going to get murdered if they are not nimble - but this spring and summer they made a smart move. Bob