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To: Broken_Clock who wrote (3666)10/2/1998 5:33:00 PM
From: Thean  Read Replies (1) | Respond to of 14427
 
Steve, Papaya,
NEM and ABX staged a big surge towards the end of the day when gold price was off its high and the market was firmly higher. I really wonder, unless there will be some write-ups about gold stocks in the weekend Barrons....

I'll be off till Oct 5. Internet access at home got disconnected by Sprynet. They are evil. Don't ever go with them <GG>.

If things go according to plan, the Brazilian election will turn out as expected and they will get their emergency IMF funding. Then Monday should start out on a rally mode. I suspect Europe will rally big on Monday as they too need a break after the pounding they have taken this week. I am light going into the weekend, only holding ASA call and KMB and NKE puts going into the weekend. Sold INTV, keep GIFI and XMIT shorts. Good weekend!



To: Broken_Clock who wrote (3666)10/2/1998 5:45:00 PM
From: SJS  Read Replies (1) | Respond to of 14427
 
Yup...Sounds like a PLAN. I will go with NEM probably this time. Much better float, too.



To: Broken_Clock who wrote (3666)10/3/1998 4:19:00 AM
From: Seaworthy Lyric  Read Replies (2) | Respond to of 14427
 
PK or is it King for short..

Nothing beats a lime-papaya combo...

<The overall market isn't even aware of what is happening in gold shares yet>

You said it all....yet, the volumes are huge....someone is accumulating...it is interesting to compare the inside trading on the gold co's and other favorites of this thread such as: yhoo, dell, etc.....

I got into NEM a month ago when the situation in Russia began deteriorating..thinking it was an easy play for low 20's...the fact remains is that it was easy, way too easy. At this point I am holding on at least till the day when I see the headline proclaiming that "In today's markets gold is the best investment". The reward of this joyride definitely outweighs its risks. Strange.....either the gold bug bit me or .......something we might be in for a bit of a ride.

On another subject. Does anyone have any idea of what has been holding NKE up over the last few days. I added the co to my put collection on Tuesday and cannot understand why it has not moved with more vigor. On the surface of things here is a company that has nothing going for it: 1. the product, definitely not unique.....2. the labor practices, definitely not humane.....3. kids, their main customers I think, don't think its cool since the advertising blitz of the Atlanta Olympics (up to the point where they have to get rid of their logo so that the customer does not recognize what he is buying)..... 4. huge exposure in overseas markets.....5. Tiger is nice but if you can afford to play golf, or have the pretension to play it, you definitely do not want to be seen with a pair of these on.....6. the odds of the inflated egos in the NBA of coming to terms before some blood flows are rather low....7. Michael is the greatest (why is he still associated with them???), but in the best case scenario he is a star whose time has past on a team that is being ripped apart, and in the worst he retires......8. France walked all over Team Nike in one of the worst examples of corporate manipulation of public infatuation with sports.

Oh well, I have just convinced myself to buy a few more puts come monday morning. Please tell me am I missing something here.....??????

Jerry