Re: OT - Long Shot Investment

Posted by kyhayman on January 02, 2005 at 09:46:24 from (152.163.101.7):

In Reply to: OT - Long Shot Investment posted by Dug on January 01, 2005 at 22:16:50:

If you have 2 or 3 thousand that you wouldnt mind risking a total loss on it seems like a decent speculation. I'd personally rather see you speculate on other currencies in the futures market (or another commodoty). The dollar is trading at an all time low against the Euro. A futures option on Euros or Yen (or any other currency in a stable currency) has as much potential reward with a lot less risk. For that matter (options on oil would reflect the Iraq economy without the risk). If you think Iraq is going to get straightened out in say 6 months then why not sell a crude oil futures contract or a gasoline futures contract for June delivery. If the price drops (which it should as the markets account for the Iraqi oil fields coming back online) then exercise your option and buy back at the lower price. If crude rises, simply let the option expire.

Follow Ups:

• Re: OT - Long Shot Investment Dug 18:04:11 01/02/05 (0)
• Re: OT - Long Shot Investment Griff in Ont. 13:32:47 01/02/05 (2)
  • Re: OT - Long Shot Investment Dug 18:08:45 01/02/05 (0)
  • Re: OT - Long Shot Investment kyhayman 16:59:27 01/02/05 (0)

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