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Joeiniowa

07/16/08 9:36 PM

#513 RE: loantech #512

Here we are flat but illiquid which is not good. My silver play, CDE, is down about half but I have been able to write calls on those shares to lower my cost. I finally ended up buying a bunch of CDE shares last week at $2.34 and writing the Dec. 2.5 calls for .55. If the stock can actually stay where it is and manage to continue not to participate in the greatest bull market for precious metals ever I should be able to book a 30% return in 5 months and greatly average down my overall costs. LOL.

Joe