Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: Oeconomicus who wrote (13484)	9/5/1998 9:49:00 AM
From: Joey Two-Cents	Read Replies (3) \| Respond to of 18691

Bob, I think we may see a rise in the price of gold of several hundred dollars in the next 18 months. I think returns 10,000% are possible by buying out of the money calls on gold ie. May 2000 Calls 100oz contracts, strike price of $ 380 for $ 200 per contract . Ten contracts for $ 2,000 will earn you $ 1,000 for every dollar the price of gold goes above $ 380. A price of $ 500 will earn you a 6,000% return. As you're aware back in March when CCI was $ 180, CMB was $ 130 and BT was $ 118 I purchased out of the money LEAPS and made a bold pedicition of 2,000% returns by 1/00. The free fall in the banking stocks even caught me by surprise and indicate to me problems of epic proportions that the banks have yet to disclose (derrivative losses?)or are about to face. Message 3746260 IMO the move up will be swift especially as Y2K approaches and faith in the financial institutions diminishes.

To: Oeconomicus who wrote (13484)	9/6/1998 11:06:00 PM
From: Joey Two-Cents	Read Replies (1) \| Respond to of 18691

Bob, If Rubin thinks Japan is the key to the world economy then we're in trouble. Japan hasn't been able to do anything constructive with their economy for the last 9 years and are in such dire straits that even if they had an idea, they wouldn't have the resources. IMO as Brazil and SA join Asia and Russia in devaluations the resulting derrivative losses will be impossible to manage. I'm just glad the Slickster is back from Ireland to lead us to the promise land. Rubin: Japan key to world economy dailynews.yahoo.com Moody's to downgrade HK and China biz.yahoo.com Singaore economic situation worsens biz.yahoo.com No quick fix seen for Brazil biz.yahoo.com Venezuela hangs tough after downgrade biz.yahoo.com Pakistan takes plight to IMF dailynews.yahoo.com World Bank cuts off Burma biz.yahoo.com S&P to review Australian soverign debt biz.yahoo.com