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Gold/Mining/Energy : Royal Oak-RYO

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To: Michael Bidder who wrote (1607)	2/11/1999 6:05:00 PM
From: steve gilchrist	of 1706

Michael, you might enjoy reading the National Post autopsy at nationalpost.com I agree that Peggy is made of the right stuff and is as feisty as anyone, but the formula for success includes a lot of lucky timing as well, and it appears that she hasn't been able to attract any of that. RYO may go down, but I won't be kicking myself; it was a logical speculative choice with every chance of success. One tends to lose two or three of every ten spec stocks in your stable; it'll be sad if this turns out to be one as well, but we can't fight the POG. One ought to "bet on the jockey, not on the horse"; if she gets another horse under her after this, I'll probably bet on her again. Steve G>)

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