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Strategies & Market Trends : Strictly: Drilling II

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To: Frank Pembleton who wrote (5143)12/11/2001 3:01:22 PM
From: isopatch  Read Replies (1) of 36161
 
NEM PR break down from ST top counts to 43.5 - 44:

bigcharts.marketwatch.com

For those who missed an entry in the lo $42s, or would like to add to your position, this looks like a good op to me.

My read is a few weak hands are nervous that a higher bid for Normandy could impact Newmonts balance sheet. IMO, that's a red herring considering the huge cash hoard they're getting from Franco-Nevada.

We get near that downside count? It's a gift, folks. Don't miss this opportunity if you're looking for a solid income play with the safety of a strongly capitalized, big cap gold behind it.

Isopatch
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