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Gold/Mining/Energy : Global Platinum & Gold (GPGI)

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To: san antonio group who wrote (8373)11/10/1998 4:39:00 PM
From: Ed Fishbaine  Read Replies (2) of 14226
 
SAG

The shorts may win the battle but they will lose the war. As I have previously posted, I would not mind seeing them drive the price to 10 cents where I would double my position, but after the news from McKay I doubt that this will happen.

The basic question is not the stock price. This means nothing at this time. The basic question is will we get into economic production. Those longs who unload at 30 cents are betting "no" and the shorts are only doing their thing. When I speak to long term holders who are not well versed in the fundamentals I hear frustration, disappointment, impatience. Those who are up on fundamentals are optimistic.

The players who think only in terms of stock price are sellers. Those who see this as a company either hold or buy because they grasp the potential.

Regards, Ed
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