Strictly: Drilling and oil-field services Message Board

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To: isopatch who wrote (90274)	4/20/2001 12:11:26 PM
From: SliderOnTheBlack	Read Replies (1) of 95453

Goldman Sucks - downgrades NEM.... drumroll please - - - - "Because" - [..."``Newmont is impacted more than any other gold stock in our universe by low gold prices due to its relatively leveraged balance sheet, unhedged gold production and largely U.S.-based production."] 1. LEVERED (ie: impacted more than any other to "HIGHER" gold prices as well (VBG) 2. UNHEDGED 3. LARGELY US based PRODUCTION DUUUUUUUUUUUUUUUUhhhhhhhhhhhhhhhh ? Can you say - C-O-N-T-R-A-R-I-A-N posterchild call from GS here ? Why couldn't they downgrade HGMCY, GOLD & GLG as well and maybe HM for the hell of it (VBG) ? I'd love to get just two more "bites at the NEM apple" - $14/15 for more common & $12/$13 to load "LEAP/calls". PS: ... rumor has it the cleaning lady at Goldman found a 24kt - 14" long battery operated object under the desk of a certain well known market strategist...