Forum Archive Index - July 2000

["Warner Lamb" <cloud9@i4free.co.nz>]

I had the pleasure today of watching RMG market depth at my brokers. Last
night I just got that feeling that they have been holding off and 34 was too
good. Placed an order @ 35 , market was getting thin @ 36 and then wam, 1m
crossed around 12.30 and I got filled. Then of course the news comes in,
lucky. My brokers are going to put RMG in their client recommendations in
the next issue. I thought about the options long, for next year. 15c
currently with a $A 20c to pay June 2001 so thats about 40c. If you believe
this share will be performing a year out you could get good leverage from
the options and considerable % gains. I will be purchasing RMGOA next.(quite
thin volume though). Of course we know options are riskier but a year is a
pretty good timeframe for them to get the group together and there will be
spikes on the way.
Entry under 40c would still be ok so I dont think anyones missed out today
at all.
Warner


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