Dave Gore's Trades That Make Sense Message Board

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Strategies & Market Trends : Dave Gore's Trades That Make Sense

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To: Dale Baker who wrote (7405)	5/30/2002 12:28:06 PM
From: The Vet	of 16631

I can see over $20 maybe $25 after next quarters results. They should make around 44 cents a share for the quarter (and it could be better depending on where gold goes from here) That would give HGMCY the lowest PE of any mid sized or major gold miner. NEM trades at a PE of 40. ABX has a PE of about 60. This action looks like a really concerted short attack.. There are few targets left for the shorts, with most stocks so beaten down already so HGMCY stands out as a huge target.. Their risk is huge, if gold jumps, they will be crushed and once they stop selling and start buying just watch the scramble for shares... All IMO of course...

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