the week that was, page-4

tibbs,
you must have 'cottoned' onto the options later than the fpo, as I got into both around the same time, and bought at .25 and 2.5 centimos respectively- I only wish I'd held the options longer. This stock has really highlighted to me the leverage available with options. Initially I bought 550,000 options at .25 cents, and 110,000 fpo's at 2.5 cents, the cost was $1,350 and $2,750, now the current values would be $55,000 (@ 10 cents) on the options, and $15,400 (@ 14 cents) on the fpo's. Someone earlier on the forum, mentioned that they had 2,000,000 fpo's, and that it wasn't worth while, selling their fpo then buying that same amount in options, exercising the options, etc. but in my calculations it's 20k in the pocket if he/she did- obviously a few other things need go right'ish.