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To: The Perfect Hedge who wrote (2811)9/10/1998 11:50:00 PM
From: Lucretius  Read Replies (2) | Respond to of 14427
 
oops, hit the wrong key... make that 300, but yea I'm talkin about the XAU.

I own LEAPS and the underlying security if they pay a dividend. As I've been saying. I have no idea what these stocks will do from day to day, but I would just buy. If you flip the XAU over, it looks much like the DOW. Most wish they would have just SOLD when the DOW started sinking and not waitined for a bounce. Similarly, I'd just get in on the gold train and not try and pick where the dips will be.

-Luc



To: The Perfect Hedge who wrote (2811)9/10/1998 11:50:00 PM
From: Broken_Clock  Read Replies (1) | Respond to of 14427
 
Beebs...the xau hit the all time low of 48 just under two weeks ago. Even at these prices leaps are a slam dunk. Sure, they've doubled from 2 weeks ago but they are still ceap. Why not do an MB? Buy just one now and see where it takes you?