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Gold/Mining/Energy : Friede Goldman Halter (FGH)
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To: Yogizuna who wrote (115)3/2/2001 5:25:43 PM
From: Mark Adams  Read Replies (1) of 177
 
The ol 'putting our foot down' tatic raises the risk level of the stock substantially. I was a bit surprised to see such strong language in a press release.

I remember a european shipyard that had a similar dispute which required an injection of funds from the primary stakeholder to survive the resolution of a rig build dispute. Don't recall the details, it was just a passing item of note last fall I think.

Since the stock is now trading at leap prices, I'm resolutley holding for $10 or $0. No point in cutting losses when the return would be a measily $800 or so. That includes an additional 100 shares purchased at $2.75 recently, after reading the news release.
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