Monday, July 18, 2005

Wrote a covered call on FDG.UN (August 120) @ 3.55

With the Ontario teacher's pension fund set to lower their overall holding on fording coal from 27% to 5%, there is a good chance that they will supress the price for some time. Therefore, I see fording coal trading in a range of 100-120 Canadian until the situation is cleared up.

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3:42 PM  

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