Zeev, like most of us here, I'm a trader. The thought of holding anything into next year is beyond my imagination. In their earnings release Monday they returned to profitability with 11 cents per share. Also...
>>>Wayne W. Murdy, Newmont's President and Chief Executive Officer, said, ``As previously stated, Newmont expects to be profitable for all of 2001, excluding merger related costs, and to generate $400 million, or $2 per share, in operating cash flow. We are on target to produce 5.4 million equity ounces of gold at only slightly higher total production costs than a year ago.<<<
So I dunno what the future holds here, but it seems the better than expected earnings for the third quarter and the nervousness in the market has been good to NEM this week. Up about 2 bucks. I'll take it.
Regardless, it is the chart I am interested in. So forgetting the fundies, what do you think of the technicals?
wr |
