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Shocked that companies and mutual funds would invest OPM (Other People's Money) in high-risk investments, the Shocked Investor was originally on a mission to find out if our money ended up in these dubious instruments. This blog now also discusses other financial topics, such as straddles, options, gold, natural gas, agri/food stocks, and the collapse of the US Dollar.
Ciena has won the auction for Nortel optical unit. This was the jewel of the company - for the future. As expected, the stock is off over 6% as an immediate reaction.
Gold is getting close to $1,200. Here is an update on the straddles:
Ciena's are break even at this point. It all depends on what happens next.
Yamana is always the faithful high volatility play.
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