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Gold/Mining/Energy : Software Gaming Corp. SGMS/CDN-OTC

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To: pete meyer who wrote (635)3/21/1998 3:19:00 PM
From: Ed Pakstas  Read Replies (1) of 1968
 
Pete... Nothing about the company disturbs me, as yet... I bought this company's shares in order to make money and am approaching it strictly from the trading point of view... When I bought the first lot my intention was to go for the ride because of the pending NR...I bought it on the pull back just above the .50 mark... Unfortunately I didn't get in when the stock was trading under the .50 mark... I bought more on Friday (averaged up), based on the info I received from my street sources...I'm sure you've heard of the "buy on rumour sell on news", approach...

My concern and or cautious approach is based on one thing only...

Ususally when the street hears of a pending NR, of substance, a stock will begin to run prior to the NR coming out... This one didn't... My caution on purchasing more shares is based on that one and only point and I'm beginning to wonder whether or not the present share value is already built in...

As a company, with pending earnings, I have no argument whatsoever... For those that wish to hold their shares for a longer period of time I'm confident that they will be well rewarded in due course... This will obviously become a cash cow for FDCD...

Listen to me... I'm talking myself into holding 50% of mine and trading the balance... :-)...

...ed
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