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Gold/Mining/Energy : Golden Eagle Int. (MYNG)
MYNG 0.0700+5.7%Feb 21 4:00 PM EST

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To: Ironyman who wrote (499)10/30/1997 2:42:00 PM
From: Bradley G. Fraser  Read Replies (1) of 34075
 
The buying frenzy is substansive! The share appreciation astounding!
When GE was in the eighty range I did a profuse amount of DD right down to the politics of the indigenous people, the rivers flowing through the area, the historically labour intensive methods of procuring the ore, the cooperatives, the sampling methods, the number of oustanding shares, the principles of the company, ad infinitum.

Still I bought into the hope that others would do less DD and buy into the hype, consequently sending the share price up on hyperbole alone. I sold at a small loss and bought in again at a lower price when the stock seemed to be sleeping.

Why do I tell you all this? Bottomline is that it is still a major crapshoot (unlike other stocks I hold) and that's what makes it exciting. Understanding this is knowing what I am willing to lose and hoping to gain. Roll the dice.

Bradley G. Fraser
aka. Jack Squat
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