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Gold/Mining/Energy : Blackstone Resources BLV-CDNX
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To: medic who wrote (175)4/7/1998 7:35:00 PM
From: Buckey  Read Replies (2) of 373
 
Answer to your question: Low volume and profit taking. If you see 300-500k tading and it is falling back through 50 cents then get really worried. Today was a shakeout by some impatient investors who are taking a quick profit. My response to them: Thanks. BZZ is a bargooon at this level. Half the shares are estimated to be inside.

Just started a venture in the largest PGE producing area of the world. Sitting next door to Fransico Gold in Mexico. Gold properties in Nevada - POG going up. Monster project untouched in YUKON.And the JEWEL - TAIGA - one set of drilling late last year produced good results - wait till the drills turn. And last - Solid respectable management. I have read in a number of different places that the folks behind BZZ/GNN do not intend to just take a 50 cent stock and make it into a $1.50 stock for a quick pump and dump.

Ouch, I am a little bruised but managed to summon enough enogh courage to pick off some BZZ at $.65. Closed at $.60. UGLY in the short term. This was sell-off monday everywhere - all exchanges down 30 of 40 stocks on my ticker down.

If we get 5 days of this - worry - I think we will be back on track by the end of the week. - Pull up a chart for the last 6 weeks - the line only goes one way. One day pull back - no big deal.
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