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Gold/Mining/Energy : Res International - Huge upside potential in 1998.

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To: pete meyer who wrote (39)6/9/1998 4:21:00 PM
From: NAUGHTY NOTES  Read Replies (1) of 84
 
i really don't have any clue as to what thee company is up to in the last 6 months. i always heard that a tse listed tech stock trading at 1.50 was going to take them over on a 1 for 3 stock basis, valueing resz at .50 cents. i then found this whole group behind it very unreliable and quite slippery and bailed out around 10 cents (bought at .20). i have heard this rumour for what seems like forever and the stock does climb up when it gets circulated. so would i own this company on future earnings prospects NO, would i buy it for a trade...if the past is any indication they will start to spread the rumour in august/september ish if i'm not mistaken, and 20 cents should be a good exit point. i will try to find out more as to what is happening recently, as i have a friend that follows it closely (not by choice anymore, but because he owns 500 000 shares or so).
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