Stockchase Opinions

Derek Webb, CFA Goldcorp Inc. GG-N PAST TOP PICK May 24, 2011

(A Top Pick April 12/11. Up 3.5%.) One-month trade. Was long and sold covered calls ($40) against it.

$49.540

Stock price when the opinion was issued

precious metals
It's the ideal tool to help you make quicker, more informed decisions for managing and tracking your investments.

You might be interested:

TOP PICK
A Pairs Trade. Gold is range bound until inflation takes off 6, 9 or 12 months from now. So in the meantime he would rather own the stock and right a call option, selling away the upside potential.
TOP PICK
Top Short Sell a $40US July Call Option. A pairs trade.
TOP PICK
Top Short Covered call writing. On Jan 27th he shorted with a Feb20th Put. Gold stocks have had a very large selloff.
PAST TOP PICK

(Top Pick May 4/10, Up 47.72%) Short May Calls for 3.5%

TOP PICK

(Top Pick Feb 17/11, 2.8% Premium) One-month trade. Was long GG-N, sold covered calls ($40) against it. $1.32 premium. This time: Naked put write. $47.50 naked put, with the cash sitting there. $1.67 premium. Stock went up so he wont be put the stock.

COMMENT
Operation miss in the last quarter was much larger than the market expected. Great range of assets though (Disclosure: He's friends with the chairman.) This range and their balance sheet will let them weather the storm if they can turn the company around. If they can't turn around in 12 months, the company will have a new stock symbol. They need to increase operations soon.