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To: re3 who wrote (41470)6/10/2002 4:43:06 PM
From: rolatzi  Respond to of 209892
 
At this point I will put in bids that are below current price for a number of pm shares that I want in on. My inclination is to go back into silver stocks to replace the gold miners I sold. The silver miners held up better than gold but now are getting whacked. I sold some puts on NEM on Friday and while they are underwater, they are still above the strike price. I will gladly buy the shares for an average price of 26.6 if they are put to me. I don't see the price dropping much more but if it does, I'll sell the calls. If it recovers, I keep the premium. I sold GFI today near the bottom, unfortunately but my I had exceeded my level of pain. I had long term gains from 4.59 that I didn't want to lose. I will reinvest some of the proceeds and keep some of the cash.
Ro