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Gold/Mining/Energy : Montello Resources

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To: JP who wrote (2002)3/26/1998 12:09:00 AM
From: Garnet2  Read Replies (1) of 4256
 
Greeting JP, fello MEO holders. I'm in on this one and have lurked for some time and finally had to join in. Interesting to see the wide range of opinions and sentiment out there. Seems to me a lot of folks are writing this off and doing exactly the opposite that they should be doing with this one. They bought high and then sold low. I heard one newsletter put out a "stop-loss" at .50 so you're selling into the lower half of the trading range. What's with that?

As for the short term reaction to the release - call me naive - but seems to me it's already been discounted, that most if not everyone who want to to sell has, and the bottom was around .40. Nice gap up 2 days ago. I think it could pull back and test the low but it could be over. Especially if they can come up with some new seismic targets to drill. Man they have only scratched the surface on one of four property blocks, way too early to write off at this early stage - what a trading opportunity.
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