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

To: Ross who wrote (284)	12/22/1997 5:04:00 PM
From: Robert	Read Replies (1) \| Respond to of 3558

Sorry if I misundestood you. In fact, I would go against my own advice and sell puts because I wouldn't mind owning the stock at $23. I am not a strong believer in gold in the short term, and selling puts gives me the premium, so that I don't lose completely against further gains over the short term. Does the market care about my opinions. I am sure of the answer. PS: I see you bought April 20 puts. Did you do the Arithmetic on whether it is better to buy at the money puts on a shorter time period (90 days), and then possibly sell after 45 days and buy more at the money puts with a similar time frame (90 days).......Merry Xmas, Robert