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Gold/Mining/Energy : KASTEN CHASE APPLIED RESEARCH.

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To: Ruby who wrote (959)8/22/1999 5:34:00 PM
From: Mike Hilliard  Read Replies (1) of 1247
 
Ok Ruby. I have to agree with you there. This shake up is probably a real good thing and that's why I am choosing to hold on until the end of the year at least. On paper, I love what KCA has, but it just wasn't working. They don't have any debt which is another bonus you're right. But how much longer can they hold on? If there was some genuine interest in their technology, they are sitting ducks for a takeover. But no one seems to have any interest (this is just my idea and I probably haven't a clue about what i am talking about, but hey brainstorming is where the fun starts!). Not much buying going on. You can have a great company, with great techs in the closet but if no one wants it you're still not worth anything. I see the same things that you see, and so doea everyone else. Obviously the general opinion, which is reflected in the stock price right now, is that they're not going to make it. This shake up (not too major mind you) may be a catalyst but from what I've seen so far the price has dropped another 8-10% post J.L. leaving. I can see why it may seem as a great buying opportunity at .70, but to me buying at $1 is a great opportunity too. Sure I will have missed out on the .30 40%ish quick return, but odds are that if it starts to move it won't stop at the $1 level.I just can't sink more cash into it right now until I see evidence that more people are interested.
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