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Gold/Mining/Energy : KOB.TO - East Lost Hills & GSJB joint venture
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To: JL who wrote (780)12/9/1998 11:47:00 AM
From: RSkarsten  Read Replies (1) of 15703
 
JL
No I didn't sell the farm. The barn perhaps. If you look at mondays trades for PYRX you'll notice a couple of 1k buys at $5 that occured first thing in the morning. That was me(typical of my past years luck to get in at the highest). That added to my holdings acquired on the previous Friday morning of some pyrx, sog and kob. I dumped everything yesterday morning after Pyrx had dropped to $4 and ended up breaking even.
After seeing 3 million shares trade on Kob this morning, all in the .80 to 1.00 range, i figured that was a good enough bottom for me, and i got back in, doubling my holdings in Canadian stocks. I'm leaving SOG alone for now as it moves only half as much as KOB. I'm betting that a repeat of Monday's trading will happen in reverse, that we will see the lowest prices early on.
I feel that there is a well there, no doubt, and if i can double my holdings without contributing more liquid assets then in that sense I have made a gain. Sure there is a risk, but that's what makes all this an adventure right? I mean, that is the reeeal reason we trade. If this all busts, then i didn't loose anymore than i was prepared to risk on Monday or Friday, and I've doubled my take. I'll risk it again, if the opportunity presents itself. I like the excitment.
Russ
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