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Gold/Mining/Energy : Gold Reserves Limited GLR - TSE

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To: Syncrude who wrote (189)12/15/1997 7:48:00 PM
From: Orwell  Read Replies (2) of 406
 
GLR has risen 50% in two days, anything else like that happening in the market? The investment community seems quite thrilled to me.

GLR issued a press release not too long ago commenting about a court ruling which for the most part did not relate to their specific situation. This PR had quite a negative impact on the stock, if the company was falsely trying to paint a rosey picture, why issue that press release? And why set themselves up again by prematurely issuing the last PR?

Buying at the recent low levels without news was gambling, but buying at current levels with news is investing. If you want something 100% guaranteed, I would suggest buying calls in two stocks called "death" and "taxes".

O.
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