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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 (142213)12/1/2010 11:07:48 AM
From: CommanderCricket  Read Replies (2) | Respond to of 206326
 
S&P,

ATPG isn't going anywhere for awhile and that presents a nice short strangle opportunity.

I figure a tight range between $14 - $17 for a few months. Don't think it has much downside from here but it could go up a lot higher if GOM permitting picks up. The gov doesn't act like they are going to speed up the process anytime soon.

Sell the Jan $14 puts and Jan $17 calls. Been profitable except for one day when the market took me out of the positions.

Surprised volatility has held up but I'll take it.

Michael



To: Salt'n'Peppa who wrote (142213)12/2/2010 9:17:39 AM
From: johnlw1 Recommendation  Respond to of 206326
 
Parkinson from The Globe concurs on a couple of your picks

.....The screen – updated by Mr. Bellefleur for this column – produced eight stocks from four countries, including three Canadian names (Encana Corp., Nexen Inc. and Talisman Energy Inc.). Interestingly, Nexen and Encana not only have the two worst year-to-date total returns, but they also rank in the bottom half of the list in trailing price-to-earnings ratio. The underperformance, low valuation multiple and relatively low-risk profile for both stocks suggest they could do very well in an energy-sector rally. ...

theglobeandmail.com