announcement - price still slides , page-13

re: ust curious - trade4profit balmersdog...

No...I will not be selling them...even though there is a very good chance they may expire worthless.

Way back when the shares first took off, I bought heaps of options...most of which were for trading, but some of which were to give me a trading edge.

I bought them all between 1c - 1.8c and sold most from 3.5c down to 2.1c.

I kept a parcel of options (equivalent to my OFP holdings) as part of my trading strategy.

I did this in preference to buying more shares at 14c, which in retrospect, was a good move.

I still believe the options have an outside chance...one that may only become apparent after they cease trading...so will keep them in case.

If I am wrong, so be it.

I approach such trades with a particular strategy...in this particular instance, the options are part of it.

I am only holding about 400K of them, all of which are free (more than 6 times over) so nothing to be too concerned about if they hit the wall.

Cheers!