% | $
Quotes you view appear here for quick access.

First Majestic Silver Corp. Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • zebra887 zebra887 Jun 2, 2011 7:53 AM Flag

    First Majestic 2 year price target - $135

    Going at it a slightly different way I was surprised to find I came up with $135 too.

    "AG options suck. ...Better to just hold AG shares and buy on any irrational selling."

    May very well be right. I don't have much success buying options...the only time I do is when I buy when things are really looking bleak...One way to go I am considering is to buy the in the money calls, say $17.50s for July which require about a 5% move up in the stock to break even. Cost is about 20% of the full purchase price...Gains are always short term and the bid ask is another expense...however, a way to get some leverage, but one has to be very good at picking the right entry points....maybe a combination of share ownership and in the money calls ???

    Be interesting to see how the PM sector holds up if the employment number is bad tomrrow...If the number is bad and the PM sector divorces itself from the general market and the shares follow the metal or lead....I'll add...

    SortNewest  |  Oldest  |  Most Replied Expand all replies
10.64+0.62(+6.19%)Apr 29 4:02 PMEDT