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Gold/Mining/Energy : ZINC The base metal. News and Views. Symbol Zn
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To: Herb Duncan who wrote (1481)7/1/2006 9:44:33 AM
From: seriousinvestor  Read Replies (2) of 3270
 
That's really not true.Yes all the mining stock have done poorly since the middle of May but ABI's performance has been just terrible. One easy(admittedly arbitrary) comparison is to HBM. Here are its closing prices at selected dates:6/5(20 trading days ago)$13.40;6/14(around June's low) $10.73; 6/30-$14.20. For the same dates ABI is $1,$.75 &$.75.HBM dropped almost 20% in the middle of the month but has since recovered and as of yesterday was actually up 5%. Abi has done much much worse and dropped 25%; none of which has been recovered.So the market punishing Zinc miners is just not the answer. It is punishing ABI and I'd like to know why.
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