day traders, page-19

geez guys, on the talk about converting the options, you have been using totally wrong figures...........absolutely no way will the sp be .08 in Sep 08.............so just forget that notion..........and since its been trading around that figure consistently in nov 07...............by sep 08 a lot of things will have happened........like its 10 months away.........the sp will more likely be at least 1.00 (plenty of evidence with all the other little iron ore plays for you to check their history).....and the oppies will be trading at say .90 or higher........., as an example if you only have 100,000 oppies current price .036 cost you $3600, come sep 08 they should be worth $90,000, am sure you can find another $10,000 to exercise them, or sell some of them to cover that cost.
same deal in the case of a takeover........just say fmg offers you .20 next week. the oppies will be trading at .11 say.........its too easy............anyway its not going to happen next week, but if word gets out that a bigger party has taken a stake in it, it will fly to .30 or more very easily
just buy more to hold for the inevitable BIG BANG or 10 BAGGER
cheers