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Strategies & Market Trends : YEEHAW CANDIDATES -- Ignore unavailable to you. Want to Upgrade?

To: Sergio H who wrote (3251)	10/6/2003 7:25:11 PM
From: JoeinIowa	Read Replies (1) \| Respond to of 23958

Sergio, Its not often you can buy a company that is selling at a market cap 10 times its next years revenues. Seems like a steal to me. Of course what do I know as I have a very small mind and narrow thinking. The good news is except for Mikey we have little dissension. Joe

To: Sergio H who wrote (3251)	10/8/2003 12:20:06 AM
From: LAWRENCE C.	Read Replies (1) \| Respond to of 23958

1. I would like to add NEM, ASA, GLG and dare I say DROOY to the portfolio. I still see the dollar continuing it's slide versus gold for lots of reasons including growing budget deficits, wars in Afghanistan and Iraq, Iraq reconstruction and trade deficit. So the POG has a high probability of continuing its volatile upward climb. 2. NEM is an unhedged gold and up 39% since I bought it in Feb. 2003. 3. On ASA, I'm up over 6% since Feb. 2003. 4. On GLG (gold), I'm down 7%. 5. On DROOY (gold), I'm down 32%. This is the most volatile of the bunch. I think most of the bad news is behind it. DROOY has had to discontinue some unprofitable South African (SA) operations due to being unable to get union concurrence on saving part of the mining operation. But I believe this will improve their profit situation going forward. A strong Rand could remain a damper on DROOY. If the Rand weakens this would help them more. Even with a strong Rand I think management is making sound decisions which will increase profitably. Also they are seeking to diversify outside of SA which is a good thing for their investors. 3. IMHO rising interest rates on 10 year Teasurys are a damper on the market at best and potentially devastating if things get ugly which I pray they don't. 4. I expect the economy will continue to strength but without much job growth. LC