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Gold/Mining/Energy : Barrick Gold (ABX)
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To: Zardoz who wrote (265)12/19/1997 12:10:00 PM
From: Tommaso  Read Replies (3) of 3558
 
On the contrary, as with other matters of arithmetic, it does pertain to mining stocks. If you own the stock all you can lose is your total investment. If you short a stock you can lose many times your investment.

ABX, as one of the best-managed mining companies, is a very risky short at this point in comparison with many technology companies. ABX already has its income locked in for the next two years, at least, with forward sales. A technology company is vulnerable quarter by quarter to declining earnings.
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