Clown-Free Zone... sorry, no clowns allowed Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Clown-Free Zone... sorry, no clowns allowed

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: ild who wrote (169163)	5/30/2002 10:04:16 PM
From: rolatzi	Read Replies (2) of 436258

Part of the weakness in HGMCY and GFI is in the dollar rand relationship. For the first quarter of this year the rand continued to weaken against the dollar. Since April 1 it has risen from .089 to .101. Since both companies expenses are denominated in rands but their sales are in dollars, they did very well with a weak rand. As the rand strengthens, their profit potential declines. There was an article this morning somewhere in space which stated this but I have now lost it. I unfortunately, didn't sell my GFI and will probably now hold it as an investment. I expect that the bulk of the selling is over, though a test of the 50d MA currently around 12.6 would not be unexpected. If we successfully test 50dMA I would buy some more, buy calls or sell some puts. Ro

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next