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Goldcorp Inc. Message Board

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  • mardermj mardermj May 17, 2007 7:45 PM Flag

    If they bring POG down another $6 tomorrow

    As recommended to one shorty, this is a MAMBO and your downside is limited by option expiration and the exhaustion of the hedgies, I'd be looking to take 1/2 off the table tomorrow at a minimum if I had your position.

    I am thinking about buying back my own covered calls, which are showing a fifty cent profit today. If the tank continues to a short attack at $635, the stock ought to show up to a dollar and the calls another fifty cents.

    I'm liable to take the money and run...and be NEKKED long at $22.5

 
GG
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