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Gold/Mining/Energy : GLAMIS GOLD - GLG -- Ignore unavailable to you. Want to Upgrade?


To: Richard Mazzarella who wrote (298)2/25/2001 1:12:38 PM
From: TheBusDriver  Read Replies (1) | Respond to of 459
 
<<If those are not good enough reasons to own Glamis, what is? >>

No argument here! All good reasons. I was trying to comment about weak hands selling GLG and the fact that traders have sold into every rally any gold stock I have held in the same manner that POG has been sold into on every rally.

It is hard to keep any MO-MO going.

They sold into GLG at 1.74, hell they couldn't have owned it any cheaper than 3/8, most would be 1/2.....1 3/8 to 1.74 is a 20% gain. I guess that is what this comes down to.

Monday will be a new day and hopefully we will continue to see interest in GLG for the reasons you have said and the weak hands do sell out and move to the side. I hope so. I would like to see the back side of 2 bucks.

GLG will be selling 100Koz+ this year at a total cost of $113, next year 120Koz+ at $104. Pretty good reason to hold GLG I would say.

wayne