Due to its rapid rise and our ability to only get in a small position prior to New Years, we are buying Jan 2010 $10 Calls (LPYAB) on our Mongolia proxy, Ivanhoe (IVN). We were filled at .40 cents per share today.
We few this as an attractive speculation, as 8 call options cost as much as 1 share. Given the 25% stock price increase in just a few days we felt this was prudent.
http://finance.yahoo.com/q?s=LPYAB.X
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