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Gold/Mining/Energy : Crystallex (KRY)
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To: PRO TRADER who wrote (5321)2/17/1998 12:53:00 PM
From: cameron  Read Replies (2) of 10836
 
So, Monday I sat down after reading aprox. 500 messages (here and on SH) and reconsidered my position. After great thought, consideration, etc I purchased another 1,601 shares @ 10.90. I'm posting this because most of the longgggg timers have bought their shares back at the 5/6.00 mark and are 'tapped out'. My Canaccord broker argued with me for 15 minutes before he would place the order (yes I set up a TD Greenline account today). Although I would - LOVE - to see a positive news release this week, I doubt it. People are correct when they state that South American Politics move slowly, so mayhaps a news release for month end.

My previous purchases of KRY (at 6.00 and 9.10) were well within my comfort zone. Many of you have talked about selling part of your postion to 'reduce your risk' and 'take some profits'. Well, I ask this of you... WHAT ARE YOU GOING TO DO WITH YOUR PROFITS? Where are you going to RISK your money next?

As has been stated before - KRY WITHOUT LC4&6 is worth aprox $4.00 cnd. Down side if purchased at 11.00 is 7.00. KRY WITH LC4&6 as stated by more learned (sp) posters is aprox. 25.00. (with wild estimates to 35,50, even 100 (what a dream)) up side if purchased at 11.00 is 14.00. YOU ARE LOOKING AT A 2-1 GAIN/LOSS. (not considering a 'bigger' picture people talk about.) Thats a pretty damn good risk ratio in my mind. We already know that KRY WILL WIN. Its just a case of how long the wait will be.

Think about this as we go into this week

rcms
Cameron
-who mortgaged his duplex to buy KRY... believe it!
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