Stockchase Opinions

Paul VanEeden Anglogold Ashanti Ltd. AU-N WEAK BUY Oct 01, 2004

South African operating margins are being squeezed by the strength of the rand. Does have some major operations outside of S.Afr. A good stock if you want a general exposure to the gold market.
$38.300

Stock price when the opinion was issued

precious metals
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WEAK BUY
Has substantial hedging. A solid company and pays a dividend. Would prefer others.
BUY
They have a footprint in virtually every continent as well as a stock exchange listing in every continent. Very good assets.
TOP PICK
Covered call writing. Long at $26.92, Short Feb. $30 Calls for $1.50. If you annualized the numbers you get about 30% a year presuming you keep rolling the options.
PAST TOP PICK

(A Top Pick Feb 3/09.) (BNN doesn't calculate % gains/losses anymore. Would make my job easier! Bill) Covered call writing. Long at $26.92, Short Feb. $30 Calls for $1.50.

TOP PICK
Go long and short a July call option @$45. You limit the up side but limit your risk. Gold stocks are great to do this on.
PARTIAL SELL

It is pricy so take half your position and sell it. The big theme is wearables. There is a core of individuals who would want the information their products could deliver. It is pricey in terms of valuation. He would be interested if he saw a significant dip.