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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?


To: Rarebird who wrote (50825)3/28/2000 3:15:00 PM
From: Ahda  Read Replies (1) | Respond to of 116764
 
Not to sure Rarebird

This is called watch wait and pray for divine guidance on timing.

Tuesday March 28, 2:58 pm Eastern Time
Nasdaq unable to shake Abby Joseph Cohen remarks
By Elizabeth Smith

NEW YORK, March 28 (Reuters) - The Nasdaq stock market continued to lose ground at midday on Tuesday as investors lightened their holdings in technology stocks after Goldman Sachs market guru Abby Joseph Cohen said she cut back on stocks in her portfolio.



To: Rarebird who wrote (50825)3/28/2000 3:35:00 PM
From: Ken98  Read Replies (3) | Respond to of 116764
 
<<some of these gold stocks will be trading at book value>>

Rarebird, some already do. Take a look at Glamis trading at $1.75 with a book value of $2.16 and no debt and $50M in cash on the books. Hecla is trading at less than $1.50 and has a book value of $2.11. Both of these companies value their reserves fairly closely to the current market and should not have any further impairment charges if prices remain reasonably constant.

I am sure there are other metals stocks trading in a similar fashion.

Regards, Ken.



To: Rarebird who wrote (50825)3/28/2000 3:43:00 PM
From: goldsheet  Read Replies (1) | Respond to of 116764
 
New 52 week lows
Placer Dome - $8.125
Homestake - $6.000