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Gold/Mining/Energy : War Eagle Mining...[WEM:VSE]
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To: Benfica who wrote (120)6/29/1998 8:10:00 PM
From: Jon Warren  Read Replies (1) of 235
 
It would depend on when WEM is planning on releasing some more positive news. The weeks leading up to a news release the stock should climb. If the news is positive the stock might spike some but from their last release it seemed to flounder now it's dropping. If you buy in October the danger is year end selling in December so you might not want to hold for more than a month.

I can't tell you what WEM is doing right now but if they are drilling or awaiting results drilling results, then now might be the time to buy. And then there's the POG which might go up as well. But even with proven reserves most of these resource stocks seem to be trading at their lowest levels and continue to slide. I for one would not be at all surprised if this stock should trade in the single digits over the summer (6 or 7 cents). Then again they might hit it big and the thing will go to a few dollars(LOL).

Maybe someone else knows what WEM is up to. They might be able to help your decision making process.

Be careful.

JW
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