posted on Mar, 17 2011 @ 09:55 PM
Originally posted by Dance4Life
reply to post by JR MacBeth
That was such a money spot. Too bad I don't have the margin to just play any call I would like. If I did that constantly I would be broke. That is
for certain. Sometimes you get lucky.
I already stated it, but I am going to actually go out and try to secure some money from outside investors if this happens. I hate to say it looks
like it would be risk free from that position @ 28
edit on 15-3-2011 by Dance4Life because: (no reason given)
$28.00 would be an absolute gift, and while I think it is unlikely, with silver, anything is possible.
At this point, I have continued to resist the urge to grab some options, but if it went that far down, I'm not sure I could resist anymore. Basic
funds are liquid, and prepositioned, but I like your idea of perhaps gathering investors.
I actually do it all the time for family, when I encounter physical gold and/or silver deals out there with virtually no downside. My philosophy is
that I don't want to leave money sitting on the table. If whatever it is is too much for my current liquid position to absorb, then I include my
brothers. They both have regular jobs, and would otherwise never have the chance to make such returns. We split the profits, and I can tell you that
it doesn't hurt my feelings at all to take "only" half the profit on something that I didn't need to fork out my own funds on. Plus, if I didn't
nab the deal on the spot, the next guy could/would come in behind me. And that DOES hurt my feelings!
SO, your idea of getting investors together has a whole lot of merit IMO. By the way, I only allow my brothers in when the downside is absurdly
minimal. I take calculated risks all the time, but when it comes to family, I don't want any trouble!
But from a technical view, silver will be looking like a "no-brainer" if it somehow manages to get down to that mega-support level.
Again, I'm not optimistic, this bull has been a bit "too" orderly. But this disaster is proof that anything can happen. I'm keeping some powder
dry just in case. These situations don't come along all that often!