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Re: [sharechat] RMG- options

From:	"Matthew Van Veen" <mattvanveen@hotmail.com>
Date:	Fri, 21 Jul 2000 07:53:47 GMT

Warner

Just to confirm - whatever you pay now (15c as at today) you then pay $A20c 
in June 2000.
Pulled out of a buy this avro for RMG. Perhaps major mistake after reading 
all info tonight.

Thanks in advance
Matt


>From: "Warner Lamb" <cloud9@i4free.co.nz>
>Reply-To: sharechat@sharechat.co.nz
>To: <sharechat@sharechat.co.nz>
>Subject: [sharechat] RMG
>Date: Fri, 21 Jul 2000 15:41:53 +1200
>
>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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