Barrick Gold (ABX) Message Board

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Gold/Mining/Energy : Barrick Gold (ABX)

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To: Robert who wrote (283)	12/21/1997 4:06:00 PM
From: Ross	Read Replies (1) of 3558

Robert, I believe I agree with you. Barrick is selling for approx. $25.50 Canadian and $17.75 American. I see major support at approx. $14.00 American which is a approx. 20% decline (American).. You see absolute support at $20.00 Canadian, approx.20% decline from the current $25.50 Canadian. Our analysis is similar. I am not "selling" puts I'm buying them.. In anticipation of this decline.. You can buy April $20's (puts) for $3.00. If Barrick goes to $14.00 (American) then you "may" <g> double your money.. I just do not see the bottom yet.. But hey, I've been wrong before!! Happy holidays! Ross

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