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Gold/Mining/Energy : Gold Price Monitor

GDXJ 126.67

+0.4%

Jan 14 4:00 PM EST

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To: Enigma who wrote (38982)	8/14/1999 8:29:00 AM
From: Rarebird	Read Replies (1) of 116856

What's going on here? MOT [Motorola] closed up 5-1/4 points today. Same day Iridium declared Chapter 11 bankruptcy, after defaulting on $1.5 billion. MOT owns 18 percent of Iridium, and guaranteed $800 million note. Iridium, provides phone service through a network of 66 satellites. Is supposed to be one of government's Y2K back-up communication systems. Are They running up these stocks before the next big decline? Will Institutional investors exit and leave "Joe six-pack" holding the bag? [J6P is the term Wall Street uses for the little guys.]

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