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Gold/Mining/Energy : ARP - V Argentina Gold

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To: Rocket Red who wrote (807)10/29/1998 7:47:00 PM
From: waldo  Read Replies (1) of 3282
 
>>Lots missed this one and now has weeded out the small guys now the big boys will trade her.<<

True, when I look back at all the real money makers over the last 10 years...there is one thing that stands out most. Good news in mining circles travels very quickly. It use to amaze me how some professionals would turn on a dime and go long without batting an eye. It did not matter if the stock was at 5.00 or 20.00. If the info they received from someone on the know made sense, they would drop 100k immediately.

Today was one of those days...you could see it in the trading. There was a certain amount of flexibility that shouted," I was wrong about this and I want to make it right". So what do you do? You cover and buy.

Salman did a 3 million dollar turn around and Canaccord did much more.

"It is better to be a reed in a pond that bends with the changing winds, than a rigid oak tree that SNAPS into a million pieces!"

I remember Frank Mersch (Altimira) sold Diamondfields at around 3.50...then after Jonathon Challice (Scotia's Senior Analyst at the time) told him it was real he bought back at 7.00. Frank has seen better days , but you get my point.

My first post here was to MM and my main concern was how this would be financed. Minutes after reading about NEM I posted "bidding war", and took down a larger position.

Since that day, most everything I see still points in that direction.

Do not make the mistake of selling all of your shares and then not wanting to pay higher prices to get back in. Dozens of analysts are frantically researching this play as we speak. Get ready for their reports.

W

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