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Gold/Mining/Energy : Corner Bay Silver (BAY.T)
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To: Little Joe who wrote (3027)1/16/2002 3:11:36 AM
From: TheBusDriver  Read Replies (1) of 4409
 
OK Little Joe fair enough. What I was trying to point out, but got waylaid by someone with an agenda, was that we have been here before. The FUNDAMENTALS have not changed on BAY, in fact they have improved. We went to $3.15 and retraced all the way back to around 1.30. But then silver was testing $4.02 as I recall. and the sky was falling! There was no fundamental reason for the drop in price other than a lack of general interest in the sector. Would you not agree?

And I agree with you. If I even thought we were headed back to $1.30-1.40 I would sell all the stock I hold above that price if for no other reason but to pick up more cheap stock for the next silver run and, hopefully, improvements in the BAY story. In fact I have done this with some stock I bought on the run up I am discussing. It appeared BAY would retrace TA wise (I've been told I'm pretty dumb at TA)below those stock prices so I sold 'em. I'll buy 'em back here pretty soon. Today maybe if the action right.

I think VT is completely out of BAY right now. That is his style. I suspect you're a bit of a trader too. VT has moved on to several other stocks. He's happy. I stick with BAY and FGX. I'm happy, they are making me money.

I take your point. Hope you see mine.

Did you see that little kick silver gave right at the close in NY. It might not be over yet! We should know more today.

Wayne
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