February 2010
February 27, 2010 –
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RELATED TICKERS: HUM
, MRK
I just got back from a preventative health seminar sponsored by Shaklee and presented by Dr. Richard Brouse. My buddy has a Shaklee business and occasionally brings me out to these events. For those who don't know what Shaklee is, its a company that sells natural health, preventative medicine and cleaning products through independent dealers in a multi-level marketing type of structure. The stuff is quite pricey but it healed my weightlifting injuries and I've gotten a cold once in the two years since I've started taking it when I use to get 3-5 in a year so I don't mind doling out $1500-$2000 a year for the products. [more]
February 17, 2010 –
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RELATED TICKERS: AUY
, CENX
, GG
Refering to my blog from yesterday, I noted that AUY is at risk of underperforming other gold companies like GG thanks to the warrants expiring today and that the market makers wanted to beat YRI on the TSX down as much as possible before they did. Now that they just got delisted at 6 cents (high of 16.5 today, some MM is thanking a daytrading sucker), AUY is due to spike back up to match the other gold companies. This is a very short term play as I have sold my 18 Feb CENX $12.50 calls to buy 249 and counting (I have 11 more remaining to fill at 7 cents) $11 Feb AUY calls. [more]
February 16, 2010 –
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RELATED TICKERS: AUY
, GG
, GDX
You'll notice today that AUY sunk at the end, badly underperforming its contemporaries like GG. There is a good reason for that. The warrants, YRI.wt.c which I have bought and since sold expire tomorrow at 1pm EST and the market makers are forcing YRI on the TSX down as much as possible before they do to screw the daytraders. Once these are out of the way, expect a pop on AUY to catch up to the rest of the golds. A good play here would be the February $11 AUY calls offset by a Feb gold put, possibly the GDX 46's as a suggestion for the arbitrageurs. [more]
February 12, 2010 –
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RELATED TICKERS: CENX
, AUY
In late January I said I started buying CENX calls again after its remarkable drop to many but expected drop from me from $18 to under $12 in a couple of weeks. Well now my buying is complete and I am prepared to let these things role as follows: [more]
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