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Gold/Mining/Energy : GEOMAQUE
GEO 18.57+3.8%Jan 22 4:00 PM EST

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To: Claude Cormier who wrote (114)1/25/2000 5:12:00 PM
From: TrueScouse  Read Replies (1) of 260
 
Claude:

I couldn't resist getting some more GEO today! It may take a few more months to complete the formation, but the chart looks to me as though it's bottoming out.

I really think that GEO's a steal at these prices, and that when the new low-cost production starts flowing this quarter, the price could rise dramatically. Incidentally, the chart is an excellent reflection of the depth of this bear market, with a good quality junior producer like GEO having gone from $4.00 to $0.40 since 1997; i.e. losing 90% of its value:

bigchart.com

The obverse (hopefully) may be true -- that when the markets recover it will be a 10-bagger (at least). JMHO.

My patience is sorely tested, but it's a great time for bottom picking!

Best regards,
Howy
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