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Strategies & Market Trends : Strictly: Drilling II

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To: Frank Pembleton who wrote (10044)3/26/2002 5:40:15 PM
From: TheBusDriver  Read Replies (1) of 36161
 
With all due respect Frank I have followed the FA on MNP to a degree. I do own a good number of shares. I was not aware Placer Dome had running out of feed stock. So what?

Again, if I had a nickel for every jr stock that had property next to a major who was gonna be taken over "anytime" I would be very, very rich!

In this game with jrs., I have heard this story over and over again. So far FGX is the only one that I have held that was in fact taken over. I would say FGX was a fair bit further along with one hell of a lot more cash than MNP. Who was just forced to finance at .10c.

We jokingly call these penny stocks lottery tickets. I think that is accurate. Due to my suspect mind, I only hold MNP because it is recommend by some people smarter than me and trustworthy in the extreme in regards to their FA abilities.

VT is a nimble and very smart trader. A dedicated trader I would say. I was just wondering what turned him personally into a buy and hold man on this stock. That's all.

I always worry when there is a big seller selling on the cheap. Why? I would be foolhardy not to ask myself this question. Gundy will be back they are not finished. Gundy has worked this stock up from .09c. I believe Gundy is WORKING the stock. When they are not selling nobody is buying, pushing up the price. If MNP were such a great buy why would people not take advantage when Gundy was not around or believeing they were finished?

Don't get me wrong, I have bought MNP at .08, .11. and .13. I also think it is one of the strangest trading stocks I have ever held. Over all I am positive, just suspect that's all.

Sorry for the long post.

Wayne
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