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Gold/Mining/Energy : LAST FRONTIER OIL CO.
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To: salexa who wrote (23)3/27/1997 9:13:00 AM
From: J. Nelson   of 55
 
Steve Alexandris: The awakening yesterday will not stop the time of year IMO.

Gold and mining stocks move this time of year up to about May as many programs
start early spring. The investor last year that was burned will come back as the
lure is that there going to make easy money. Many are trying to build a balance of
lots of stocks. If one gets wacked the rest hold, yet the current churn on what's
going on with the big one will drop any market much like the computer stocks all
go down 2 or 3 days on one bad report by IBM. If one is bad there all bad. Yet some
have good fundmentals and that keep's them from the loss as they turn and come back
in the snap very fast. To time the move is very hard. The PSG says it's a buying
time where stocks that tanked are great buys if they have sound fundmentals. It seems
your picks are good ones yet every down creats a buying time for the next investor who
will crow about the big bucks they made later.

Regards,

JNelson
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