Bacs, Do you own the actual shares..ie. not holding a cfd position? Are you on a margin loan? Are you familiar with ETO's (options) If you still want to hold the shares and like the longer term prospects,perhaps you could consider writing some covered calls over the stock you own. This keeps a bit of income rolling in, and helps cover interest obligations (if applicable). I feel your pain as I am in the same situation, the cost base of my shares being much higher than where the sp is now. This is what i will be doing, and have done in the past. If you feel we are at the bottom, With your free cash you could consider writing puts instead of buying the shares straight away. This way you receive a premium up front, and may not even need to buy any shares (if the price is higher than your strike price at the time of expiry). Not easy times, but surely we are near the end of this stupidity??? Best of luck Commy
OZL Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
