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

To: IngotWeTrust who wrote (583)4/20/1998 3:09:00 PM
From: Ross  Respond to of 3558
 
Ol49r.

There is still more risk of downward pressure. But I see
"more" risk for a retracement of a portion of the weakness
from the 23 7/16 hi on 4/6/98 that could easily bring it up
to $22.25.. I would love to see this. And that would define,
for me, the downside potential.. The other possible risk is
that ABX will go sideways. And I dislike holding options in
that environment.. So, no dire predictions either way.. Just
closed out my option position because I felt the best I was
going to get was behind me, short term..

Good luck!
Ross



To: IngotWeTrust who wrote (583)4/20/1998 6:41:00 PM
From: james paterson  Read Replies (1) | Respond to of 3558
 
Ole49r,
I remember you posting , possibly a year ago that AU could get down to as low as 250. Since I'm planning on buying more ABX on dips, I'd appreciate knowing if you have changed your outlook 1 way or the other.
Thanks,
James


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