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Strategies & Market Trends : Tech Stock Options

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To: The Perfect Hedge who wrote (52196)	9/11/1998 2:34:00 AM
From: MonsieurGonzo	of 58727

Beeble; RE:" GOLD " >I'd like to hear your take on the XAU.X...or NEM... ...panic-buying of something perceived to have currency in the face of collapsing equities and contracting currencies, including USD. There is no position, Beeble; just momentum. If you want to play it, go with the flow and use a trailing STOP. With the VIX.X - Volatility Index so high, expect options to be highly priced with wide, unstable spreads. The South African ADR's AU and ASL are also available. Note that Canadian gold mining stocks (and any non-USD ADR's) are subject to currency changes amidst the speculative frenzy. As the banks around the world and at home continue to collapse, more and more people will be withdrawing funds and frenetically seeking to put them somewhere, anywhere - where their intrinsic value does not decay (forget "earn interest" - just stop losing value). In the end, all of these desperate measures will be for nought. To paraphrase Sartre: "...there is no exit " -Steve

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