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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?


To: Redhead who wrote (7945)8/21/1998 7:48:00 PM
From: LTK007  Read Replies (2) | Respond to of 29382
 
Hoodmate plus holder in NEM as I --NEM was doing very well today under
the circumstances,with,with sizable buying on the heels of program
selling and was only down a 1/4 going into the last 30 or so minutes
when all was little stuff going out on bid and price dropping and then
in the last 30secs 50k went out on bid and NEM closed down 13/16--made no sense.Max



To: Redhead who wrote (7945)8/22/1998 1:14:00 AM
From: Patric  Read Replies (1) | Respond to of 29382
 
Hi, Red.
Well, I'm glad somebody else is looking at at least one of these co.'s!! I was starting to feel wierd, like I was wearing a pocket protector or something! Actually I haven't bought any PSFT yet (I am in HBOC for a small gain at this point), but it is looking mighty tempting about now.
By the way, if the block trades of NEM are making you nervous, ABX may be another gold mining stock worth considering. I know nothing about mining companies or how their stocks act, except that they make me nervous, but I am aware of them because, at least as of a few years ago, they operated a small gold mine west of SLC, as well as one or more in Nevada, I believe. They were mentioned along with NEM in an article on metals mining stocks a couple of months ago in Money Mag., for what little that is worth. I think I also read somewhere recently some company press release touting what a good job they were doing at hedging.