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Strategies & Market Trends : Option Trades

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To: scotty who wrote (392)	1/9/1998 1:52:00 PM
From: Broken_Clock	Read Replies (3) of 2341

ag & scotty- I am getting ready to jump on board the ABX train with some jan 99 leaps. I can't see ABX going below 16...unless gold drops to 250 and stays there! ABX is hedged 4 years out at 380+/oz gold. The drop hasn't affected there earnings at all! It's strictly market fear. The stock was 25 when gold was 330. It could hit 330 in about one week or less when it bounces. ABX will rocket when it does. Downside can't be much. PDG is the other leap play in goldand it just isn't dropping much anymore. Give me some feedback guys. Thanks, Dave

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