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Gold/Mining/Energy : JAB International (JABI)
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To: Milk who wrote (1409)11/21/1997 12:44:00 PM
From: Tony C.   of 4571
 
The recent price action with BCMD is certainly somewhat disappointing, but the fact is that they have their JV in place and they are going to have the ability to find some more gold. The whole JV thing was just an interim step to finding and announcing more solid gold numbers and that's why I bought the stock at 1 1/4 in the first place.

I'm betting that they find some good deposits. The stock has fairly strong support at these levels so the short-term downside risk is minimal while the upside possiblities are huge if they find a great more deal of gold. There is no way I am going to sell at this point and take a small profit when by staying in I risk small to moderate short-term losses vs huge short-term gains.
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