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Gold/Mining/Energy : Bema(Bgo) and Arizona Star
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To: Herb Duncan who wrote (8593)11/29/1997 1:05:00 PM
From: Ken Benes  Read Replies (1) of 10482
 
Herb:

There is little doubt that BGO has found or is near its bottom. What is unfortunate, baring a dramatic rise in the price of gold, it is doubtful that BGO will approach its old highs in the foreseeable future. Truthfully, for BGO to rise to the five to six dollar range would be dramatic, when considering the current state of the gold market, and more particularly the negative market sentiments towards BGO itself. For a trader, this represents opportunity, to a long term investor, this is a worst case scenario. One in which investing dollars is tied up in a losing proposition with the hopes of recovering ones loses in time. We are not talking about making money for the guy who bought in during the last eighteen months, rather breaking even at best. In sum, unless you are a trader able to adroitly manuever in a fast moving market, BGO represents a lose lose situation.

Ken
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