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Gold/Mining/Energy : Major General--MGJ

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To: Sam who wrote (1389)7/19/1999 12:19:00 PM
From: Mr. Blonde  Read Replies (1) of 1707
 
Sam, do you in all sincerity believe that MGJ is at these levels because management is "on their ass" as you so crudely put it. Your diatribe is a product of fiction over fact. Almost all mining stocks have seen historic lows and unfortunately MGJ has proven to be no exception, I believe that low metal prices coupled with the markets lack of interest in mining is at the root of our problems. I subscribe to the theory that junior mining stocks are highly speculative and therefore should only be purchased by sophisticated investors who can afford to suffer during downturns such as we are currently experiencing. Sophisticated investors do not use speculative junior mining stocks to fund their retirement. I sense by your vitriolic tone that you are in over your head and are consequently suffering from economic duress. Sammy, the answer to your problem(s) is as simple as it is complex - sell all your speculative stock and participate in ventures you are comfortable with. You have to learn to accept the principle of risk - reward. Failing to do so will only prove to be counter productive.

Good Luck In Your Future Endeavours
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