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Gold/Mining/Energy : Royal Oak-RYO
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To: Bill Jackson who wrote (780)3/21/1998 12:17:00 PM
From: JERRY GACH  Read Replies (1) of 1706
 
Question for anyone:

I am way long on this stock and in my mind have written it off as a loss, so, at this point....any gain would be great. I was trading it between 2.75 and 3.00 last year for easy money.....it dropped below support and I didn't follow my plan and received a costly education.

I held basically because I heard what great management we had with Peggy at the helm and saw all the insider buying. In the last week I have been pondering the following:

I keep hearing that Peggy and her team are saying, "No Bankrupcy". But just a
few short weeks ago didn't we hear the same team refute articles printed in
publications that RYO was NOT in default of loan covenants, only to hear that
they WERE
just a day or two later???????
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