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

To: Zardoz who wrote (577)	4/17/1998 9:37:00 AM
From: Ross	Respond to of 3558

Hutch, I appreciate your response... Ross

To: Zardoz who wrote (577)	4/19/1998 1:27:00 AM
From: Ross	Read Replies (1) \| Respond to of 3558

Hutch, You said in an earlier post: "The true speculator should be buying Aug./sep call/puts at today's price, and wait for the EU to announce." Are you suggesting both Calls and puts simultaneously? If that is true then you believe that volatility will increase "soon" and a straddle is the most effective way to gain from it.. But you feel the direction of the move is not predictable. Hmmm.. I have never done this but I do find it fascinating. I have some puts on ABX. I have always taken a position weighing the odds for a particular direction.. I guess I was just not clear on your investment strategy considering your fundamental analysis of abx.. Ross