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Gold/Mining/Energy : CMYN
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To: ROY DEL who wrote (561)4/4/1998 2:37:00 PM
From: James F. Hopkins  Read Replies (1) of 811
 
Hi Roy; Well I traced back and were I see some dilution I don't
see it being so much as what I've heard in so many of the
messages posted.
So far I've been lucky with this one.. just started playing her a
little over a week ago, trading half and holding half..and
I'm now down to 1/32 on my average..and I know the Market Makers
are getting her for that but not selling her for that, at
least not yet. If they do I'll likley call my broker and take
them out of street name , have them sent to me and put them up
for a year or two.
-----------------------------
If only 1 out of 5 plays I do this way comes back, then it
will pay 3 times what they all cost me.
held Zapata from her lows some years back , even when she
went chapter 11..go look at her now.
--------------------
But then to on these type plays I don't come in until she
looks like she is dead meat..and every one is giving up,
and I look for one basic thing does she have some cash left,
if so she has a chance.
-----------------------
Heck I'm in below the par value on the shares now.
with a 50/50 chance she will make $1 or $2 in a few
years I will stick them in a safty deposit box.
they may be a TAX write off when I cash in my IRAs
but then they could be worth 20 times or more than
I paid for them..no way to tell for sure.
Jim
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