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Gold/Mining/Energy : Battle Mountain Gold (BMG)
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To: long-gone who wrote (74)3/11/1999 9:11:00 PM
From: Roebear  Read Replies (2) of 174
 
Richard,
Its good to hear from you and I always enjoy your posts. As for BMG however, those insider trades are a bit old aren't they, those insiders should be buying hand and fist now at current prices!
BMG seems to be demonstrating a pessimistic price action relative to golds little break out. This is either because it is a bear market bottom, stockholders did not like the last earnings report (obviously, the sold the heck out of it) or the company is truly in sadder shape than we are currently aware of. If it is just the first two reasons then BMG surely offers some nice upside potential.
Personally, I have come to prefer some others. I think AEM might offer upside potential equal or greater than BMG's under even a rosy scenario for BMG. And while I have seldom made money trading BMG, I have never failed to make money trading NEM. Much safer and much more predictable.
I managed to average myself down with BMG till I managed to get out with a hundred dollar loss. My BMG holdings were substantial (for me at least) and I took that loss as greedily as any profit.
It will take considerably better results than I have seen out of BMG the last couple years for me to invest in this company again.

If anyone wants to "set me straight", please feel free. BTW, BMG will probably double tomorrow, now that I opened my big mouth.

Best Regards,

Roebear
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