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Gold/Mining/Energy : JNN-VSE HIT BIG ........21 oz. gold in grab samples

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To: Robert D Curtis who wrote (31)9/28/1996 2:20:00 PM
From: Dean Bristow   of 124
 
Just joined SI today so I was just reading all the details aquired so far on JNN/KPG. I too am part of the crowd that got in on the run-up (avg. $0.69 JNN) so I'm currently a pessimist. I haven't called the company or been exposed to Mr. Hoffman's warm and fuzzy's, I'm looking at the stock from a technical perspective and experience playing penny stocks. This stock is NOT moving like something that is on the verge of something big. There is no tell tale sign of big volumes jumping in over the past week. Let's face it, these guys all have friends who they give the wink or the nod to when the first hole comes out of the ground. Yet this stock has almost returned to where it was before this recent flurry of activity came about. There seems to be some support at $0.40 but if it breaks through that the next stop could be $0.30 which is also the 52-week low.

Don't get me wrong, I hope I'm wrong about this, as I'm sure I enjoy losing money about as much as everyone else, but this just doesn't have a good "look" right now.

Pessimisticly yours,
Dean Bristow
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