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Gold/Mining/Energy : Gran Colombia Resources Inc (TSE.GRM)
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To: stu powell who wrote (287)6/13/1999 7:52:00 PM
From: keith massey  Read Replies (1) of 308
 
STU

GRM and JDX are different beast all together. GRM's management never had a huge stake in the company, their promotion team is mediocure and they were wishy washy about the internet/technology sector in the first place ("we will get into the sector until mining recovers"). I got into GRM for a quick flip on hype about ane internet sector announcement leading up to the annual meeting (never hide this fact). With the amount of cash they have and a 50% retractment from the high I was fairly sure my buys in the .30's were fairly safe as long as I had my stops in place. I just got back from vacation and found that I have sold the remaining 3/4 of my position in GRM. I put sales in .05 increments from .60 up when I left and almost all of them got hit. I put in one offer at $1 but am still holding those shares :(((.

With JDX on the other hand I had low ball bids...only 1 got hit. I have 10 times the money in JDX that I had in GRM. I really don't think you can compare the two companies.

By the way - I agree that the news could have been more sexy and that Friday was really bad timing for the release. The only thing I can guess is that they wanted news out quick before the annual meeting.

Best Regards
KEITH
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