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Gold/Mining/Energy : JAB International (JABI)
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To: LarryL who wrote (2999)2/14/1998 3:37:00 AM
From: Tai Jin  Read Replies (2) of 4571
 
I have another concern. There must be some fantastic news coming next week, because Feb 23 is just around the corner. But I think anything short of proven reserves, a sound business plan, and at least production ramping up will fail to drive the price up to $1. Of course, a stock buy back and Chapin & Co. buying lots of the stock on the open market couldn't hurt either.

If it fails to do this then I believe that a lot of small investors will be heading for the exits. I for one may be among them. And when that happens, we're not going to get any support at 5/8. The only hope is that they have another 3 months to get the price over $1, and that just may be enough time for them to get their act together. Perhaps BCMD is a victim of bad timing as you say, but it will be a race against time. So it's really up to them to make things happen now that they have the money.

Like everyone else, I'd like to make money on my investment, but reality is a harsh reminder that hope and dreams don't always turn out the way you'd like. I'm surprised that some of you are using TA to support your views on this stock. It has been written that TA doesn't work well (if at all) for penny stocks as other factors are more important. Now I don't know enough about TA to support or refute your readings, but could it be even remotely possible that your interpretation of the indications is just a reflection of your beliefs?

...tai
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