Parkcrest Explorations Ltd. - Discovery 4,116 BPD Message Board

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Gold/Mining/Energy : Parkcrest Explorations Ltd. - Discovery 4,116 BPD

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To: willywants who wrote (5)	6/19/1997 10:56:00 PM
From: Ed Ajootian	of 94

David, This is totally mind-boggling. A couple of days ago you could have bought all you wanted of this turkey for C$1.10! This much of a move in such a short time is the clear indication that some institutions are moving into the stock. Overnight this stock has turned from being a great value play to being a great hype play. All of the ingredients for good ol'fashioned Canadian junior resource company hype are in place. You've got an exotic location (Columbia). You've got a link to a very popular and well known name (Harken). And best of all, you've got 4 full months to hype the hell out of this thing without having the slightest chance of being proven wrong (since they won't be drilling again until October). So in some ways this is a better buy now than it was at C$1.10. Now you know it is in the early stages of a hype play. It has to be, or otherwise it would not have shot up 40% in two days on big volume. Before, you never knew whether it was going to be hyped or if it were, whether it was going to be successful or not. Since the institutions bought the line it is safe to say the retail buyers will buy the line at even higher prices than this.

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