Replies to post #85821 on Zeev's Turnips Patch-No Politics (ZEEV)

[Zeev Hed]

I expect a stronger rebound (and also a stronger early decline), just got out of EXPE here for $.43 at $34.50. I still think we move toward the $1260 area before lunch, though.

Zeev

[cannabis]

I don't think shorties are falling for it anymore.Not until the next OBL,son of OBL,gardener of OBL,one of OBL's camels,etc. captured.

[Public Heel]

Agreed. They jumped in the futures just after 8:00, and hit gold as soon as it opened.

[The Freep]

Mlsoft -- are you saying that the PPT swooped into the market to buy for a few minutes, but then gave up? It seems to me that if the PPT were to act, it would be with sustained buying pressure that caused shorts to cover/longs to add by taking out resistance thus becoming a self-fulfilling mission. PPT-uing a 30 point rise in the Dow only to allow it to fade within 15 minutes seems like a waste of PPT money to me. And if they are so all powerful (and they probably are), they probably have a better plan than that, don't you think?

So why was that PPT buying rather than anything else?

the freep

[basserdan]

Good morning ml,

FYI

Goldcorp Invests In Planet Exploration Inc.
Wednesday March 12, 10:04 am ET

TORONTO--(BUSINESS WIRE)--March 12, 2003--GOLDCORP INC. (NYSE:GG - News; TSX:G - News) is pleased to announce that it has purchased (as part of a non-brokered private placement) 1,000,000 units of Planet Exploration Inc. ("Planet") (PXI:TSX Venture Exchange) at a price of CDN$0.50 per unit. Each unit consists of one common share and one warrant providing the right to purchase one common share at a price of CDN$0.60 per share until March 10, 2004. The issued shares in addition to any shares acquired on the exercise of the warrants are subject to a hold period which expires on July 10, 2003.
Upon closing of this transaction Goldcorp will own 8.7% of the outstanding shares of Planet. Assuming Goldcorp exercises all of its warrants the Company will own 16.1% of Planet on a partially diluted basis. These units were purchased for investment purposes. Planet intends to use the proceeds of this private placement to fund its ongoing exploration activities in the Red Lake area.

Goldcorp's Red Lake Mine is the richest gold mine in the world. The Company is in excellent financial condition: has NO DEBT, a Large Treasury and Strong Cash Flow and Earnings. GOLDCORP is completely UNHEDGED and pays a dividend six times a year. Goldcorp's shares are listed on the New York and Toronto Stock Exchanges under the trading symbols of GG and G, respectively and its options trade on the American Stock Exchange (AMEX), the Chicago Board of Options Exchange (CBOE) and the Pacific Stock Exchange (PCX) in the United States and on the Montreal Exchange (MX) in Canada.

Gold is better than Money, Goldcorp is Gold!

http://biz.yahoo.com/bw/030312/125377_1.html

regards,
Dan