Hi, Paul.

PE> Top stuff!

PE> PE> I see I missed my chance with Email, probably should have sold at 3.84.

PE> PE> Anyway, hopefully it will get back up.  I see that Lakes Oil has got to
PE> 7c.
PE> PE> Can you sell 75000 shares at 7c (or higher if you think you can get it
PE> in
PE> PE> the short term).  AFTER they are sold, can you put in an order to buy
PE> $5000
PE> PE> worth at 6c.

PE> Well, I've no idea how you interpreted that request, but whatever it is,
PE> keep it up!  I haven't seen a sell order from LKO, so I assumed that you
PE> interpreted the "7c (or higher)" as 7.2 or something,
because you thought i
PE> was going to go up in the short term.  So I missed the sale.  Which means I

I believe that's what I did. From memory they looked as if they were
going to run a bit that day and I think 7.2 was in fact where I put
them. I was wrong, I think they reached 7.

PE> wouldn't have got the 6c buy.  Which means I wouldn't have got it hitting
PE> 6.6c.  But I see you put in the buy order anyway, and that got hit!

PE> And actually, since I got the NTS sold, I WANT a buy without a sell, becaus
PE> I need to put my money somewhere.  And now that it's back at 7c, I have the
PE> original option available to me if I want, by selling 2 of my 3 lots!

PE> Yippee!!!  But just sell the 1 lot, ie 75000 shares at 7c.

OK.

PE> Please confirm that you have done NO selling of LKO to date.  If the sell
PE> contract got lost in the mail, then I may have to rethink.

PE> And my PDP must have been hit today, in order to get to $3.19.  So now, I'm
PE> after...

PE> Sell 2200 PDP at $3.50
PE> Buy 1900 PDP at $2.89

PE> Shit, it looks like PDP is doing what I predicted, which isn't what I
PE> actually wanted.  A steady rise instead of falling back.  Still, that was a
PE> risk I calculated, and is offset by:

PE> 1. PDP is one of my big losses already, I know that.  Sales at $2.38 say it
PE> all.
PE> 2. At the end of the day, if PDP hits $3.50 and keeps going, I'll have a
PE> smile on my face.
PE> 3. I am de-exposing myself to that risk.

Comments on the rest after Monday.

Regards, fIM.

 * * All these worlds are yours except Colorado.
@EOT:

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