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Gold/Mining/Energy : JAB International (JABI)
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To: Oscar who wrote (2654)1/16/1998 1:52:00 AM
From: Eric Freeman  Read Replies (2) of 4571
 
Interesting analysis Oscar - but I beg to differ - this stock peaked Nov. 20 - it has been on a steady decline since then - with a couple of bounces. On balance the charts look like distribution. It looks like many other gold mines I have traded in the past. There was money to be made here for those with cheap stock. Now it will be much harder IMO. So whats next. I would think that if gold does stay strong in here (up tonight) we may get a bounce but it looks like a trading opportunity to me. Put it this way - if gold moves up from here and BCMD keeps going down, you are going to need some real good news, since so many others situations will, and are starting to move up. BCMD sort of had a unique thing going in terms of following when so many others golds were getting pounded. But it seems to be running out of steam. I am interested and am watching for a trading opportunity.

To Linda - a question - what do you expect to happen? Do you have a price target, what will make you sell: price, news? If you do not have a plan then you will have to be very lucky to win here (or with any stock for that matter(IMO)) I have always believed that the secret to making money is knowing when to sell. Buying is easier. (IMO)
With a move in gold you just may get an opportunity at quick profit here. But if you do not have a plan, it will pass you buy. Maybe the whole sector gets hot again. Meanwhile the chart here looks so typical of these situations. Sharp runup and usual overvaluation. Cheap stock gets sold for large profit. Sometimes the deal actually produces, but most times does not amount to much. Gold mines - the stuff dreams are made of - right?

Eric
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