Friday, October 21, 2005

Next on the line - negative in Newmont

The stock that made me so much money over the summer dissapointed (quite predictably though) when the gold price corrected last week. I had made a spec bet in my individual account - also in out-of-the money calls with around $500. These also expired worthless and as a result I have to post the activity report instead of the neater P and L snapshot. Still here are the charts:

P&L (activity report):

Chart (entry and exit):

So once again - this was a greedy trade - buying the out of the money calls. It is small constallation that I would have gotten smoked in the at-the-money or slightly in-the-money calls as well.

Regards,

BG

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