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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: re3 who wrote (18290)	4/17/2002 4:13:15 PM
From: TobagoJack	Read Replies (1) \| Respond to of 74559

Hi retired, I have never done it because (a) there is little need to venture beyond NEM (though I had just done Harmony long and covered call, missing out on the put by price limit), and (b) I do not agree with Placer's management on risk management and hedging, and more importantly, I do not like the way they talk about risk management (they are either knowingly saying the wrong things, or not too bright). The washing-rinsing cycle depends on gold being stuck in channel and company stock in question being stuck in channel, with few possibility of company specific events triggering divergence of path between the company in question and its industry brothers. NEM is gold industry. A hedged gold miner is gold industry + hedge fund = superior returns for a while until not. Chugs, Jay