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For a good time short symbol AGU last 94.50

Participants:

Posts: 7

mikey22222

Covers Rehab

Joined: Jan, 2008

Posts: 535

Posted: Jul. 17, 2008 - 3:57 PM ET #1

Should see 83 in a hurry ...Good luck..Mikey

jaxwhitey

Veteran

Joined: Nov, 2006

Posts: 1752

Posted: Jul. 25, 2008 - 9:33 AM ET #2

Another good call here. Is $83 the end or do you think it will fall below this level?

mikey22222

Covers Rehab

Joined: Jan, 2008

Posts: 535

Posted: Jul. 25, 2008 - 10:02 AM ET #3

Id cover here hope for a bounce ot high 80's and short again for a move to low 70's. If you don't mind a short term bounce then hold the short for low 70's. Should see low 70's within 2 weeks sometimes they bounce them here sometimes they dont.

mikey22222

Covers Rehab

Joined: Jan, 2008

Posts: 535

Posted: Jul. 30, 2008 - 1:20 PM ET #4

OK Pardner I would look to short this sucker again at 95 to 96

PALLADIUM

Banned

Joined: Apr, 2008

Posts: 952

Posted: Jul. 30, 2008 - 10:02 PM ET #5

Mikey,

If you feel AGU is going to 70's in two weeks would you advice playing the PUTS?

jaxwhitey

Veteran

Joined: Nov, 2006

Posts: 1752

Posted: Jul. 30, 2008 - 10:18 PM ET #6

Not to speak for Mikey, but you might want to look at playing the September 65 puts instead. From yesterday to today they went from $1.40 down to $.65, good value there if you think it's heading back down. I'm still trying to decide if I want to get invovled with this one yet or not.

jaxwhitey

Veteran

Joined: Nov, 2006

Posts: 1752

Posted: Aug. 4, 2008 - 11:22 AM ET #7

Quote Originally Posted by jaxwhitey:

Not to speak for Mikey, but you might want to look at playing the September 65 puts instead. From yesterday to today they went from $1.40 down to $.65, good value there if you think it's heading back down. I'm still trying to decide if I want to get invovled with this one yet or not.

I should have taken my own advice on this one

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