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FINAL OW DECEMBER 2007 RESULTS

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Unfortunately in an attempt to be respectful of the downside of this market. We got blindsided by the weak US dollar which caused our two gold positions to terminate mining projects that ultimately were detrimental to both NG and GFI. NG's terminated project costing us dearly, as stock dropped in 1/2 in 1 day. No stop in the world could have saved us on that one. Rake it up to "Murphy's law" and just a bad break due to a ever weakening dollar. Anyway the Option Writer ended up for December with a loss of ($6,550.00) due to those two cancelled mining projects. Well when we win I don't ponder, and when I lose I tell it like it is. Up and on to January where we have three positions currently and will look to put on some additional positions probably this weekend. As usual the DECEMBER 2007 performance will be posted below and in addition will be posted in the portfolio section for the rest of the weekend until Monday when they will be replaced by the new JANUARY positions for 2008.
FINAL DECEMBER OPTION WRITER RESULTS BELOW:


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