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Gold/Mining/Energy : MPVIF Mountain Province Mining
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To: james flannigan who wrote (2560)1/7/2006 3:51:24 PM
From: WillP   of 2577
 
James:

I am not suggesting you told anyone to sell Mountain Province shares at any time. If I tried to suggest you said such a thing, I'm sure the men in white suits would come to lock me up. [grin]

I'm suggesting that I never made any buy or sell recommendations about Mountain Province or any other stock. Specifically, what I did say in April was:

"James: I know you've been a big fan of the Mountain since the early days. It's a bona fide project and could go down in the books as one of the world's better diamond mines. It was clearly oversold below a buck. I hope you loaded the proverbial boat back then. If so, wouldn't it be prudent to cast off a bit of ballast now?

Either way, best of luck. "

Surely you recognized that as an endorsement of the old-but-true advice to lighten-up your holdings after a stock quadruples in value. I'm also sure you recognize the adage proved true yet again. Mountain Province traded as high as $3.25 in April, then dipped below $2.20 in September.

That's not an endorsement of a specific recommendation -- once again I do not make them -- but it is an endorsement of the old maxims that one ignores at ones financial peril. Stocks just do not continue up in a straight line.

So I ask again. Look at Mountain's graph. What do you do now? Sit and hold, sell a bit, sell it all?

Yet again -- best of luck whatever you decide.

Regards,

WillP
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