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Re: Bob Zumbrunnen post# 167068

Friday, 10/31/2003 12:11:24 PM

Friday, October 31, 2003 12:11:24 PM

Post# of 704041
Here's an interesting play you might want to look into, #msg-1653127 It's something you would need to do in a taxable account so you could do the margin thing and get the tax advantages. If you can get 24% a year you're doubling your money about every 3 yrs. The play appears to be a combination of the price of natural gas, and wether they are replacing their reserves. When they run out, they liquidate them, but the price of the stock should have gone to about zero by then any way. Part of the dividend is considered a return of your money, that's why they are so high, but if they are able to keep replenishing their reserves at a reasonable cost, then you have a money maker. Or if the price of natural gas goes up. They really aren't something for a daytrader like me, but if look back over the last few days, people have been throwing out suggestions of ones to buy.

Ask DaveZ about it, he use to be in the biz.


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