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Gold/Mining/Energy : Major drilling TSE-MDI

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To: maxed who wrote (65)8/26/1998 12:10:00 AM
From: wayne nikituk  Read Replies (1) of 71
 
This company could have Moses, Jesus and Peter Pan on its board and no one would give a rats ass. I told the CFO months ago it was headed for $3...he laughed. It will be a buy at $2.50 or so assuming they're still making some scant profit to keep going until world deflationary pressure on commodities ease--and that could be three to five years before Asia is a big consumer of all that Major's customers produce. I got out a while back....stopped out at $19..kept a small bit left till $8, and blew out the rest. This is one ugly bear gripping this sector and its got a year at least to go yet...see more pain ahead. Stay away.
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