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Gold/Mining/Energy : Golden Eagle Int. (MYNG)
MYNG 0.0700+5.7%Feb 21 4:00 PM EST
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To: gregor who wrote (8997)7/9/1998 10:18:00 AM
From: Tom Frederick  Read Replies (1) of 34075
 
Gregor, Thanks for the post. In general, stocks are not issues of faith, regardless of the passions expressed here. Stocks can be one of two things. The can be vehicles with which to make your money work for you OR they can be vehicles with which you can support a companies efforts in it's corporate agenda or goal. In this case, you seem to tend toward the second version which is to support GE in it's quest to prove a world class reserve. And that's OK. Just remember as you go along, it's YOUR money they are using. And it's YOUR money that you can choose to keep in or take out. If you can afford a loss or no opportunity to see a profit in the near future, don't worry about current events because it can still turn around with a good third party drill program with solid results. However if you can't afford to lose your investment for the time being, it may be an opportunity to sell. The SEC issues are real, they have the authority to hold this down and cast serious doubts as to the credibility of the company and they can put a dark cloud over GE that will prevent ANY big money to come in for a long time.

Good luck to you and all the GE stockholders.

But do yourself a favor, don't try to trade this stock while it's still on the pink sheets. It's a very dangerous way to trade as there is no way to track real time bid and ask. You can get burned very badly on pink sheets with a volatile stock like MINE is right now.

Tom
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