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Zeev Hed

11/15/02 12:06 PM

#45882 RE: Frank Pembleton #45858

I am holding NEM as an insurance against a major market decline and a possible breach of $330 on Gold. I don't expect either, so I trade it and hope to build over time a major cushion to keep a permanent insurance, so far, i only have about $2/share or so in protection under the belt, so more work is required (g).

Zeev