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Gold/Mining/Energy : coastal caribbean (cco@)
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To: Robert Furman who wrote (548)10/1/1998 3:57:00 AM
From: Edwin S. Fujinaka  Read Replies (1) of 4686
 
Geeze Bob,...Now you are moving the stock up over 50% in one day with just a simple comment. <G>. Since the runup was at the end of the day, I expect that we might well see more of the same tomorrow morning. But then, there is always some selling after abrupt runups too. That's the charm of these "penny" stocks isn't it. Seriously, the stock seemed well oversold at these prices below $1.25 given the current legal position. Rereading that May 9, 1998 article from the Detroit Free Press, my original argument for a $75 valuation for CCO Stock seems to be a bit conservative given the Company's statement that there are other drilling sites that may be even more promising than St Georges Island (with an estimated 619 million barrels of recoverable oil). Hang in there....
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