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

To: Ross who wrote (266)	12/19/1997 12:20:00 PM
From: Zardoz	Respond to of 3558

As a technician, you would look at the trading lows of ABX in the past three weeks and realize that ABX has not made a double bottom. So in the very short term ABX should decrease. If you bought prematurely for the long term, I wouldn't worry. I see demand for GOLD picking up, and as GOLD moves, so does ABX. I like ABX at $23CDN or under {see share buy back}, had bought at $22CDN, but suspect it'll reach there again. I still have my shorts on, and still hold the stock. Which means at this time I'm technically on the sidelines. I'm waiting for Monday to decide which to remove. {AKA my profit is locked in} My guess is that I'll sell the shares on Monday at $26CDN and watch a slow down slide. BUT triple witching is a fun time! I like to think at this time that the only side for ABX is UPSIDE!