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Gold/Mining/Energy : Maxam Gold Corp. OBB:MXAM
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To: kimberley who wrote (3277)12/2/1997 1:49:00 PM
From: Richard Mazzarella  Read Replies (4) of 11603
 
Kim, I guess what's bothering me is that for months Maxam held the "high road", very conservative reporting, but lately shows behavior similar to IPM. We have seen the results of that model. The other thing is that the market isn't stupid, the stock isn't moving on the news. As Larry suggests, a stock that doesn't move up on good news is most likely going down. Not much fun if you're long. Long in the face of further decline keeps one on edge. I know, I can easily cure my position and state of mind.
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