reese#5 ann due, page-33

Mikey,

all those posts outline the fact I feel the oppies are risky based on the short time until conversion. This is a fact. Something you argued against, thus my point of ramping.

I didn't downramp, i simply stated there is an implied risk in oppies with a short time until conversion, primarily because price will be directly reflected from Heads to Oppies (without a premium usually) thus gives it a much higher risk and much higher reward.

Secondly, It means if you have leveraged your investment and own say 2x or 3x more oppies than you could afford in heads, you either lose your investment or go into debt to convert or try and offload at the 11th hour..

Offloading at the 11th hour is risky in itself as everyone who doesn't have the coin to convert will be doing the same.

It is a risk and you should consider these facts prior to buying oppies.