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Gold/Mining/Energy : JAB International (JABI)
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To: Milk who wrote (1409)11/21/1997 12:46:00 PM
From: Brian Pastor  Read Replies (1) of 4571
 
I think that the mining on Pillar 4, which is scheduled to begin in a week and a half should generate some news - at least to let us know what they are finding in it. So no new news is expected for two to three weeks and alot of weak hands are taking profits, an event which feeds upon itself as the smallest move in the stock price translates into significant percentage shifts. I too regret I did not get out at 2 bucks. My opinion is that the stock will slide down to 1.25 on profit taking and general fear. The company could try and stop this with a press release reiterating what it knows about its current finding and what such indications generally mean. I expect that if we knew all of the due dilligence that the Sterling Mining group does, no one in their right mine (mind <gg>) would sell now. I am waiting for it to hit the 1/4 resistence level and then I will back the truck up and buy some more.
BP
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