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Gold/Mining/Energy : Pacific Rim Mining V.PFG

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To: Robert van Mil who wrote (4689)5/24/1997 11:33:00 AM
From: Phil Jones   of 14627
 
Robert: I have to hope you aren't successful in your $3.00 bid for PFG on Monday! Actually Monday should be quite revealing. I assumed Friday was an aberration because of the large quantity that Nesbitt dropped, and that things would move back up on Monday. But now I'm wondering if it will. With no new news, perhaps it will just keep heading down. And that may trigger other brokerage firms dropping their PFG shares, and down in goes. I sure hope this doesn't happen since PFG is already a few dollars below where I got in. I thought the KRY legal wrangle wasn't near settlement, and that it would be months before it was resolved. If KRY went up $.50 on Friday, imagine how much it might have risen if Nesbitt hadn't flooded the market. Do you have any thoughts on how low PFG shares may drift on lack of news?
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