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Zeev Hed

11/04/03 6:20 PM

#168070 RE: bfenton #168060

I was not really that nimble, gold was up overnight, in premarket NEM was already above $ 43, so I followed my normal bucker plus with it (I actually weighed the possibility of entering an ask above $44 for the bucker and a half (it would have executed) but deiced not be piggish.. As for waht next, I see that they are planning a secondary, I would wait , since more often than not secondaries are "supported". I have a bid in myself at $41.52, but for seconds, you may want to take a bigger diswcount(NEM technically is still strong to around $38.5 or so, if I get $41.52, I'll have a doubling around $39. Mind you I had asks on both RGLD and DROOY, none executed....