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Gold/Mining/Energy : Barrick Gold (ABX) -- Ignore unavailable to you. Want to Upgrade?

To: Ross who wrote (263)12/19/1997 9:54:00 AM
From: Bexar  Respond to of 3558
 
Ross,
well "PUT" ? <g>

Long on ABX, (after I buy back my shares)
Bexar



To: Ross who wrote (263)12/19/1997 11:37:00 AM
From: Zardoz  Read Replies (3) | Respond to of 3558
 
"the loss potential is unlimited while the gain is limited"
That does not pretain to mining stocks with a predetermined mining reserves. In which case the stock value of a large miner quickly takes on the characteristics of the commodity mined, with some biasing. What a person can do is determine the lower limit, and position themself in. And than follow a strategy of long/short. With the benifiet of options, you can jump in at any value.


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