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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?


To: Cogito Ergo Sum who wrote (1193)9/7/2001 4:55:35 PM
From: Davy Crockett  Read Replies (1) | Respond to of 36161
 
Hi Kastel,

Tough decision... FN is more expensive, more diversified (ie: exposure to oil & gas), & just pocketed a windfall from Normandy. They also have a chit load of cash (close to 1 billion CDN)... but havent' done much with it yet...

GLG (purely on a T.A basis has a great chart)... but so does FN.to...(as an aside I thought the chart of ECO wasn't too bad either, ECO appeared to be coiling... obviously in the wrong direction for longs...so)

I dunno, I own GLG & no longer have an interest in FN.to

Question: R u looking for leverage to the price of Gold or somewhere to hide until the final shakeout?

Regards,
Peter



To: Cogito Ergo Sum who wrote (1193)9/7/2001 5:15:21 PM
From: rails99  Read Replies (1) | Respond to of 36161
 
Hi Kastel: Re.: GLG.

Have always thought GLG traded at a higher volume than others; with a little more price range on a day in, day out basis. I.E., I think it a great stock for ST trading; holding as both longterm and a trader. Also watching the chart for RGLD, it may surprise some as it could be a strong buy stock before others. Both have a medium price, which is attractive to the speculative crowd; and they are somewhat higher than some of the favorites of the trader. Both trade with a fair amount of volume. How to explain how great the trade range was for GG today? Double normal volume or better, with a great range of the price compared to others today. Iso may agree with me on this: That GG was a great choice for the action provided today; and it held some good upside at the close.

Best Wishes;
Rails



To: Cogito Ergo Sum who wrote (1193)9/8/2001 4:16:07 PM
From: isopatch  Read Replies (2) | Respond to of 36161
 
Good afternoon, Kastel. Sorry to have missed your msg earlier. Then sinus bug hammered me last nite

and today.

1st my web access was down, then Iso was "down".<G> So anyone I've not gotten back to on the thread so far, don't take it personally.

Now. To respond to your question about other golds to buy. KGC is currently my largest position. GLG and GG are very close 2nds, so of course I like them just as much. GLG is easier to get in and out of because there's plenty of daily volume for large block buying or selling. GG is a bit thinner and has to be positioned more slowly for that reason.

AEM is also a very good company although I don't own any at the moment. Or, for that matter MDG which is also a good choice IMHO. NEM, has been trading in a narrow range but that's also occured from time to time with the other good plays (most notably with GG until just last week) so I'm sure NEM will have resume a nice uptrend before long as well.

ALL the above are excellent investment qualtiy gold stocks. (FN isn't dual listed on a US exchange, so I've not worked with it).

Isopatch.