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Gold/Mining/Energy : Greenstone Resources GRE.T or GRERF OTC
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To: Baba 2 who wrote (744)6/9/1999 3:57:00 PM
From: Peter Neidhardt  Read Replies (2) of 1005
 
<< I told her that I wished I could believe her, but the market was indicating otherwise. Her response was that she still had her job, was making plans for the AGM and no material change had taken place. >>

Thanks for the call Baba2. However people must understand that IR people are either told zip or are told to lie and maintain the status quo. It wouldn't surprise me at all if the AGM is cancelled last mintue an the company folds. Do not use the IR people (Tita or not) as a good source of info. Obviousily either financing is falling through or people and the gold market are sick and weeding out weak stocks. By the end of the week I am sure we'll have a better idea. Shareprice and volume aren't looking to good...suggests a sell-off. This sell-off isn't existing in one gold stock that I know (Kinross, TVX, Glamis, Bema are all holding there ground on low to moderate volume).

Psychology now plays a role. Ask yourself this: if you are in a mega losing situation, can you live with a 60 or 80% loss of your investment and possibly see it revive to life another day or are you content with taking a loss and holding onto some money regardless of the outcome. I would prefer to hold onto the bitter end for as I could not live with myself if I sold out low and saw it rebound.

Pete
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