AA-cw

Posted by richman > 2013-01-31 12:31 | Report Abuse

worth the risk at 1/2cts got till end of april tp 1 to 1.5cts

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1 comment(s). Last comment by Mat Cendana 2013-01-31 13:11

Mat Cendana

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Posted by Mat Cendana > 2013-01-31 13:11 | Report Abuse

If one can get back his 0.005 and just lose the brokerage fees, then it's definitely okay. But I'm worried you might not even be able to find a buyer. Ex. Price at 3.40 - not impossible but looks extremely tough. You'll have to bet on a sustained rally which creates attention towards AA. If it moves towards 3.00, some punter might be willing to take over at 0.01 and giving you a 100% profit. If nothing exciting happens with AA, then the punter will get trapped and lose all his capital here.

I think CY might be a better bet: Ex. 2.85; expiry 31/10/13, ratio 4:1. We need some time with this one.

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