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


To: The Fix who wrote (535)4/3/1998 3:37:00 AM
From: IngotWeTrust  Read Replies (1) | Respond to of 3558
 
One of Toronto's oldest and saaviest Option Specialists, Porter Davis, posts on SI rather regularly, that is when he has something to say about what's up/down/sideways with ABX...

Look for him under Canadian Options thread.

G/Luck



To: The Fix who wrote (535)4/3/1998 6:34:00 AM
From: long-gone  Respond to of 3558
 
I'm not an options player. buy & hold the company.
rh



To: The Fix who wrote (535)4/3/1998 8:34:00 AM
From: Gary R. Owens  Read Replies (1) | Respond to of 3558
 
fIXER,

Bought some ABX Jan99 22 1/2 Calls awhile back at 1 9/16.
Closed yesterday at 3, up 3/16ths.

I wanted to give myself enough time in case we revisited the
bottoms again. I figure that the economic instability, Asia/
Japan problems and y2k will take some time for folks to
wise up. Plus we have an overextended market with metals
undervalued.

I didn't go out longer than that because I believe all h**l
will break out when we actually start to see year 2000 impact
(besides 1/2 Bil price tags to try to completely fix it a la GM)
no later than 1Q 99.

gary