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

To: Jacob Snyder who wrote (4215)	11/19/2001 10:15:10 PM
From: isopatch	Read Replies (2) \| Respond to of 36161

Hi Jacob. Plots can always get thicker in takeovers, that's for sure. Am not even going to venture a guess on this one. Don't have a large stake in any player. But a moderate overall position in Newmont securities puts me in the camp that would prefer not to see a costly bidding war. Once ego takes over with some or the more control freak type executives, it's a lot like to much emotion overruling common sense and good DD in a individual investor. You usually end up making a bad deal, throw away a lot of time and money, plus make a fool of yourself in the process. Can remember the old Mobil management was like that. It was about 20 years ago. They wanted Conoco very badly. But Du Pont outbid them. Then rather than graciously accept the inevitable, the CEO started ranting and raving that he was going to buy Du Pont! Totally bonkers! Ruined his rep, and the whole Mobil mgt team eventually got the heave ho within a next few years. Hopefully this won't degenerate into a similar psycho-drama. Isopatch

To: Jacob Snyder who wrote (4215)	11/20/2001 10:38:59 AM
From: SliderOnTheBlack	Read Replies (3) \| Respond to of 36161

NEM technicals.... Since the announcement of the merger & the market open: NEM has + 2 Million shares positive On Balance Volume. - someone's accumulating ...as they well should. Bocor... I added some at $19/$20 and will now wait for $17/$18 and will begin to add leaps primarially at that level. I expected XAU 45 to be tested... it should hold and NEM's Longterm chart since the Oct/Nov bottom is still intact... This is LT value territory... merely average in here - don't chase tic's... buy ea. $2 all the way down; as low as they want to go... 2-3 years ? - it doesn't matter at alltime index lows... when, not if...build a core position in gold/silvers here and forget about it...