Thursday, August 31, 2006

All that glitters is GLG!!!

Well, it looks like a GOLDEN day for my GLG play, the stock is being bought out by Goldcorp (GG) for about $51/share. Since I bought a $35 call, and the stock should be around $50, that gives me $15 of intrinsic value, which means I am going to be a VERY happy camper today! It will definitely be a 100%+ ROI which is perfect!

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