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Strategies & Market Trends : Roger's 1998 Short Picks
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To: Pancho Villa who wrote (5916)4/2/1998 10:26:00 AM
From: Joey Two-Cents  Read Replies (2) of 18691
 
Hey Pancho something interesting going on today, Gold & Silver stocks as well as the metals are moving up despite the declining Yen. If you look at the Yen gold ratio over the last several months, each time the Yen rallied, gold rallied, Yen declined gold declined. since the Yen is declining I think some US and perhaps money may be moving into hard asset plays to preserve capital.

One other thing I was thinking about INTC buying back 100M of their shares for about $ 7B. Q: Why not pay a dividend? A: Dividends are not paid on stock options and the only way the rich get richer is if they drain their coffers to prop up their stocks before cashing out. I bet we will see tons of buy backs when the market starts to tank, Mgt will want to preserve their share worth for as long as possible. Tick, tick, tick.
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