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0.00% 1.2¢ drake resources limited

30c this week, 10-12c oppies imo, page-8

  1. Marchell0
    885 Posts.
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    09/09/09
    00:10
    Post #: 5616651
    Matchbox20

    A warning worth heeding for those not experienced in trading options.

    When trading company options you should

    1. Never invest what you can't afford to lose as they could expire worthless should the heads never be "in the money"; or

    2. Never buy more than what you can afford to convert - the scenario you've outlined would actually happen quite regularly I am betting.

    Good post & hopefully a lesson learnt

    Marchello
    DRK Price at posting: 28.0¢ Sentiment: ST Buy Disclosure: Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
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