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Strategies & Market Trends : Option Trades -- Ignore unavailable to you. Want to Upgrade?


To: scotty who wrote (392)1/9/1998 1:52:00 PM
From: Broken_Clock  Read Replies (3) | Respond to of 2341
 
ag & scotty-
I am getting ready to jump on board the ABX train with some jan 99 leaps. I can't see ABX going below 16...unless gold drops to 250 and stays there! ABX is hedged 4 years out at 380+/oz gold. The drop hasn't affected there earnings at all! It's strictly market fear. The stock was 25 when gold was 330. It could hit 330 in about one week or less when it bounces. ABX will rocket when it does. Downside can't be much. PDG is the other leap play in goldand it just isn't dropping much anymore. Give me some feedback guys.
Thanks, Dave



To: scotty who wrote (392)1/9/1998 2:34:00 PM
From: zx  Read Replies (1) | Respond to of 2341
 
hi Scotty, PHB is showing some weakness.
down 3 3/8 today. this stock has good support
at 89. thats a long ways away. it make
come back, but now it is getting my hopes up.
wonder if i should buy more.

the puts from this morning are doing well.
i wonder if great earnings next week can help
this market short-term. ag