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Gold/Mining/Energy : Royal Oak-RYO

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To: Peter Neidhardt who wrote (1136)	8/2/1998 7:22:00 PM
From: Michael Bidder	Read Replies (2) of 1706

Peter NO NO NO !!! You are mistaken. You said: <<<..longs should not even bother selling>>> The market cap of Royal Oak is still $88 million US dollars. Pegasus's market cap at this point was between $20 and $40 million US dollars. That means that Royal will fall to Bid 1/4 ask 5/16 at a minimum before the Bankruptcy announcement. To hold your loss risks 100% Percent of your capital! Cut your losses. DO not listen to those who guided you to by the stock. I have been advising a sell since Nov. 97 at $2.00! Those who council you not to sell are themselves selling. Be careful Peter you may lose all your remaining money. Michael Bidder

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