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Gold/Mining/Energy : JAB International (JABI)
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To: Eric Freeman who wrote (2791)1/31/1998 2:21:00 AM
From: Peter S.  Read Replies (1) of 4571
 
Eric

I honestly only know the questions and that's because they have been raised here by various people. It is unfortunate but inevitable that these posts take on a personal edge and so don't take it as an affront. But I really haven't heard any solid reason from you as to why this stock is not worth it's current price, just that the trading pattern doesn't feel right to you. Not what most would call TA (zing).

It always amuses (and excites) me when people throw outrageous price predictions around. Hey, you know if this stock goes to $200 I will be a millionaire! But I am slowly learning to be realistic thanks to the sobering input of the 'other point of view' which I appreciate.

As to who is selling - who the hell knows. However, if I had bought at 10-50c as many did then I would be selling - no question. I'm sure that many also bought BCMD as a 'quickie' and were foiled by the price degradation. Daytraders, in general, will realize a loss so they can move on. As they sell, others buy. One man's meat is another's poison. I am thinking that volume is a better indicator of confidence in this stock i.e. as long as there are buyers there is confidence.

Finally, do people actually think they can influence stock prices here. Cool, let's do it - next week. Damn even good press can't mave this baby.

Peter S

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