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To: KeepItSimple who wrote (78816)9/28/1999 4:52:00 PM
From: GST  Read Replies (2) | Respond to of 164684
 
I always expected a rocketing move when the time came -- but I admit that to actually see moves of that magnitude is hard to grasp. The market didn't grasp it either. Given the average gearing, gold stocks would have jumped an additional 60-70 percent today, but instead fell back. There is some profit taking and disbelief, even among those who own these stocks. I expect roughly another doubling from where we are now. That would tempt me to sell.



To: KeepItSimple who wrote (78816)9/28/1999 5:50:00 PM
From: gladman  Respond to of 164684
 
KIS - are you really short YHOO? Did you know they report earnings 2nd week of October? Look at YHOO's performance going into earnings the past 4 quarters - it will scare the chidt out of you.



To: KeepItSimple who wrote (78816)9/28/1999 8:42:00 PM
From: Glenn D. Rudolph  Respond to of 164684
 
It's nothing different than most internut stocks in '98 that underwent huge short squeezes. Most analysts feel that
roughly 3 times the existing world's supply of Gold had been shorted, and basically everyone realized at once that
they couldn't cover if they were forced to- and just like AMZN or EBAY,


KIS,

On the plus side, you are well read. I believe a compliment is in order here:-)

Glenn