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Gold/Mining/Energy : Bema(Bgo) and Arizona Star

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To: Bobby Yellin who wrote (26)8/16/1996 10:03:00 AM
From: modon   of 10482
 
Bobby - After holding this stock for 6+ months, I sold it yesterday
as well. I was satisfied with the return, to put it mildly. I worried
about two things yesterday while considering selling: 1) the 70+M
shares out, many of which are held by institutions that bought in at
the $US2-3 range (I can't see them holding beyond 10), and 2) there
is a _fat_ gap in the chart now. The latter may be inconsequential,
but note that the early Feb '96 gap between 3 3/8 and 4 was
eventually filled. Those were my thoughts yesterday that went
into an on-the-spot decision.

Greg
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