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

To: Robohogs who wrote (169996)	6/23/2012 8:47:29 AM
From: Bearcatbob	Read Replies (1) \| Respond to of 206176

My strategy with MMR is unique in my overall play. Sadly my base price of my core MMR holdings is circa $15 - reduced by many months of call option selling. However, I have not sold calls against this core since December and as such I have left thousands on the table. After waiting this long - I am going to keep those shares uncovered until results of DJ1 are in. I do have some shares assigned at $10 from short puts that I am selling calls against - August 12s - got $.70. I tried to buy them back Thursday at $.50 - but although the shares were weak the calls held. If those shares get called they will be nicely profitable. "Helped me a bit!! Wish I hadn't rolled down and out though!" I have shares in PQ and TC that are now down and uncovered. To sell calls now to me seems foolish as the premiums are small and the shares beaten down badly. I think there is a very good chance nat gas stocks will rally through this summer and fall (PQ). As for TC - their gold mine is coming and I see no way out of this mess other than inflation.