I expected ABX to be trading over $20 pre-market. At last Friday's close and trading very lightly, last Saturday's news about Pascua-Lama could be useless to shareholders. It COULD mean that the layoff is to save money SO THAT INSIDERS CAN PAD THEIR WALLETS WITH MONEY SAVED. In other words, buying ABX here is not wise. Better to see how this pans out. If ABX steadily goes down as time goes by, that means the management is trying to screw shareholders.
That doesn't mean you should sell. It means that you should hold, and not buy here.
Are you kidding? I will buy at $20 hand over fist, and if the MM are asleep at the switch and this thing is still under $17 -- or better, they pull a "plummet out of their #$%$" and take it to $15 or $14, I'll be buying like there is no tomorrow! With Pascua looking like it going out of the way, this will return to $40+ AND we will get the divy back.