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I was after 10K RMG @ 0.35 today thru Access Brokerage
but was left empty-handed. Just bad luck do you think?
----- Original Message -----
Sent: Friday, July 21, 2000 3:41 PM
Subject: [sharechat] RMG
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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