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Gold/Mining/Energy : BRE-X, Indonesia, Ashanti Goldfields, Strong Companies.

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To: Keith F. Wunderlich who wrote (26630)8/27/1997 8:10:00 PM
From: william smith   of 28369
 
Keith,

I make my investment calls based on what the market is doing and the balance sheets of the companies I invest-in. Debt is a killer in this market. I can name three companies that have been killed by debt. These are GAN, TEN, and Repap. I'm pulled back my investments for a while and hold only 3 stocks in my trading account and 2 in my rrsp and sitting on 53% cash and payed down all my loans I used to leverage with (house money and margin). In my view this market is over priced and ready for a correction. Then I'll jump back in this time with mutual funds. Why mutual funds, because I just took a job with a company in Regina as an investment advisor and I get a nice commish. I still trade my covered calls on CAE, GOU, ABX, and APQ. I'm not suggestting you buy these guys but I like there stock price movement for flipping covered calls. Ask your broker for investment advise (unless you want to be my client ha ha ha).

Will
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