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Gold/Mining/Energy : JAB International (JABI)

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To: Mr. Miller who wrote (1439)11/22/1997 9:00:00 PM
From: D.McQ  Read Replies (1) of 4571
 
Mr. Miller. I was sorry to hear that you had liquidated your position in BCMD. While a lot of investors like to liquidate at this time of year, I have always done very well leaving the bulk of my investment dollars in a stock like BCMD. Most years I end up with a nice little surprise for Christmas. (g)

This is my favorite time of year too, and it can get very hectic as I try to get everything ready for the holdiays. That was why I took Friday to catch up on things and didn't post anything.

BCMD's management have earned my respect and confidence. I am now comfortable enough with my BCMD investment that I no longer feel the need to follow this thread as closely. In my opinion, with such a good JV agreement the worst (ie. risk) is now behind us.

I am not sure I understand why you want a damage assessment. In my opinion, there has been no damage to BCMD's stock. This kind of a pullback is very normal and I have seen it have a whiplash effect sending the stock running back the other way. Especially if BCMD follows up with any kind of a gold release. On the other hand, I'm not expecting one next week because of the Thanksgiving holiday.

Just to refresh you memory as to what I now expect from BCMD, here is a post I made on October 19, 1997.

techstocks.com

<<<<<<<<<<<<<<<.There are many more expected news releases that are going to be put out and each news release WILL move this stock up. The usual pattern is a run to or over the $1 a pullback and consolidation around 3/4 to 7/8 then another quick double or triple usually over night or over a weekend, a pullback and consolidation then another double or maybe a triple. >>>>>>>>>>>>>>>>

I would love to have seen a bigger run on the JV news. But as I have said before that news was only important because of the financial situation BCMD was in prior to the gold descovery on October 14, 1997. We are now in a postion to make some big moves up as BCMD begins to release more information on the gold they have found and are now producing.

Darlene
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