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Gold/Mining/Energy : Crystallex (KRY) -- Ignore unavailable to you. Want to Upgrade?

To: marcos who wrote (8744)	6/1/1998 4:47:00 PM
From: Jon Warren	Respond to of 10836

To All, Venezuelan Executives Appointed To Take Charge Of Crystallex International's Local Operations In Las Claritas, Puerto Ordaz, Caracas vheadline.com JW

To: marcos who wrote (8744)	6/1/1998 8:48:00 PM
From: E. Charters	Read Replies (1) \| Respond to of 10836

I would say we are in a volatile phase of gold stock where the prices have been holding up but are not likely to continue unless good good news is forthcoming. Dome is all good news last year. Will this year hold out for them? Puts and calls at the same price, a "straddle", bets long on volatility, ie: infers that the price has to change one way or the other. Derivative leverage protects the losing side. Another way is to buy the stock and buy some puts at the same strike price. This way if the stock falls the puts shore you up. Still again you may write or sell some calls. If they are not excercised you made the price of the stock fall anyway. Works well in stable stocks. EC<:-}