traderstewie Sent to me by Shaza because I want to buy it today

Newmont Gold. Also recommended by Bill Fleckenstein on Mad Hedge Fund Radio,


Positive S&P Rating And Trading Just A Bit Under Its 52 Week High Of 64.03


Newmont Mining (NYSE: NEM) ended the last trading session at $63.01. NEM is unchanged in premarket trading. So far the stock has hit a 52-week low of $41.45 and 52-week high of $64.03. Newmont Mining stock has been showing support around 62.20 and resistance in the 64.04 range. Technical indicators for the stock are Bullish and S&P gives NEM a positive 4 STAR (out of 5) buy rating. NEM appears on the Investors Observer Momentum Plays list. For a hedged play on this stock, look at a Dec '10 62.50 covered call for a net debit in the $58.91 area. That is also the break even stock price for this trade. This covered call has an 89 day duration, provides 6.51% downside protection and a 6.09% assigned return rate for a 24.99% annualized return rate (comparison purposes only). A lower cost hedged play for this stock would use a longer term call option in place of the covered call stock purchase. To use this strategy look at going long the NEM Jan '12 35 Call and selling the Dec '10 62.50 call for a $24.90 debit. The trade has an 89 day life and would provide 4.94% downside protection and a 10.44% assigned return rate for a 43.00% annualized return rate (for comparison purposes only). Newmont Mining has a current annual dividend yield of 0.95%. [ABR-Seven Summits Research


I was able to pick up some Newmont today. Next buy is Goldcorp (GG) QB


Canary In a Gold mine.