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<DIV><FONT color=#000000>Greetings,</FONT></DIV>
<DIV><FONT color=#000000></FONT>&nbsp;</DIV>
<DIV>Can someone refer me to a website that explains how the margin requirements 
are determined for short options? I'd rather be able to get a close 
approximation than wait on the computer to determine the figure for the next 
day's run. It would be nice to be able to figure that little detail, BEFORE 
getting the bad news...</DIV>
<DIV>&nbsp;</DIV>
<DIV>Thanks,</DIV>
<DIV>&nbsp;</DIV>
<DIV>Dennis</DIV>
<DIV><FONT color=#000000><A 
href="mailto:dlc@xxxxxxxxx";>dlc@xxxxxxxxx</A></FONT></DIV></BODY></HTML>
</x-html>From ???@??? Tue Jul 20 12:12:10 1999
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Reply-To: "RAY RAFFURTY" <rrraff@xxxxxxxx>
From: "RAY RAFFURTY" <rrraff@xxxxxxxx>
To: "gary bodnar" <gbodnar@xxxxxxxxxxxxxxxx>,
        "charles meyer" <chmeyer@xxxxxxxx>,
        "Alexander Levitin" <alevitin@xxxxxxxx>
Cc: "Larry Muir" <trdoptions@xxxxxxxxxxx>, <realtraders@xxxxxxxxxxxx>
References: <004001bed20d$dda8fd40$bc5ed6cc@xxxxxxxx> <4.1.19990720081302.00aac100@xxxx>
Subject: Re: Gold is the garbage, gold stocks are not worth the paper ...
Date: Tue, 20 Jul 1999 13:43:28 -0400
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Status:   

In the 1600 William Shakespeare wrote;  "An ounce of gold will buy a man's
suit of clothing".  This held true for 5 centuries.  Today you can still buy
a man's suite for the value of an ounce of gold...
                   at K-MART. {;-)


                                Good luck and good trading,

                                            Ray Raffurty


----- Original Message -----
From: Alexander Levitin <alevitin@xxxxxxxx>
To: gary bodnar <gbodnar@xxxxxxxxxxxxxxxx>; charles meyer <chmeyer@xxxxxxxx>
Cc: Larry Muir <trdoptions@xxxxxxxxxxx>; <realtraders@xxxxxxxxxxxx>
Sent: Tuesday, July 20, 1999 11:33 AM
Subject: Gold is the garbage, gold stocks are not worth the paper ...


> At 04:46 PM 7/19/99 -0600, gary bodnar wrote:
>
> >Gold has no value these days..
>
> >Industries have no  use for that expensive metal.. and who want to carry
a
> gold
> >bag on the neck??:))  Seriously, only downside to the Gold is the gold
> >miners as well as who's long now..
>
> Very soon we would have to pay for the gold disposal as you do for the
> garbage. Gold stocks are not worth the paper they are printed on. England
> selling gold. Switzerland selling gold. IMF selling gold. Gold is going to
> be deleted from periodical table. Humanity will abandon its 10,000 years
> habits.
>
> Where were those people when gold was $800 per ounce? Did they took
> advantage of the opportunity?
>
> The sentiment is about right for the end of the bear market in gold.
> Especially encouraging is sale of the gold by English government. If any
> one care to check history, English government has uncanny abilities to
sell
> precious metals at the bottom. (Look sales of silver in the beginning of
> century).
>
> In any case Hecla mining is $2 per share. It is 80 years old company.
Could
> it disappear? Yes, companies as people do die. But if you take a chance I
> guaranty you your losses will be limited to only to $2 or 100% of your
> invested capital.
>
> Just a thought...
>
> Yours, Alex.
>
>
>
>
>
>