Great Canadian Stock Contest Q1, 98 Message Board

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Gold/Mining/Energy : Great Canadian Stock Contest Q1, 98

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To: Gazza who wrote (120)	1/5/1998 3:55:00 PM
From: RIK	of 177

Gary, a 3 cent stock that goes to 15 cents is a ' 5 bagger' as the expression goes ... how many $1 ,$5 or $10 stocks do you see go to 5x ; many stocks on the VSE that trade in the 5 cent area do not have any downside based on the inherent value of a publically traded vehicle. One trade can double or triple the value of a stock. Although I do not utilize a margin account I believe that stocks that trade below $1 (?) are not marginable therefore month end debt coverage should not effect penny stock prices. Based on the interest level and response received you have a lot of work ahead of you..........its a shame that the winner of your contest will likely be someone who is probably not brave enough to own the stocks they have selected. ANYWAY I seemed to have got carried away with this; I sincerely wish you good luck with this contest.....chimo

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