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Gold/Mining/Energy : Royal Gold Inc
RGLD 176.83-2.1%3:59 PM EDT

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To: Jerry Miller who wrote (20)9/10/2003 8:17:13 PM
From: IngotWeTrust   of 23
 
couple reasons why shorts would be attracted to this issue in my opinion...
1) fib fans off the $28ish "recent" high...this is only the first test, and was a high percentage short candidate...
2) the only reason the "offshore money" would be interested in this issue is because it is a bifricated market still and as such offers intermarket spreading...the longs have to put down their short leg somewhere...might as well be an issue where the high percentage play is in the first test of the 25-28ish area.

I don't care...I've said for 5 months now, I'm a buyer up to 40, and that's b/c solid royalty plays are few and far between...

I don't like the recent insider option games played here, but, since management changed, I guess I should have seen that one coming.
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