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Gold/Mining/Energy : Big Bear Exploration BDX

BDX 178.71

-0.4%

Oct 31 9:30 AM EST

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To: Tupulak who wrote (54)	3/17/1999 9:22:00 PM
From: JAS	Read Replies (1) of 77

Curtis ..When a big offer sits and seems to block the upward movement and then gets taken out , one has to view that as positive, especially with the apparent artificially controlled price of oil moving from the depths. I grabbed some at .36 and put a sell in at .395 . It got taken out as you knowand all the .40 too. The reason I play this close is: 1> May 96 17.60(1.60 x 11) pre split and drops to .20 or 2.10 pre split on Jan 27. 2> Split 11 for 1 and we go to a high of 3.45 Feb 2 or .316 based on pre split. 3>THEN it drops post split from that 3.45 all the way down to .22 or .02 per share pre split! >NOW we have a high of .41 which is really only .037 pre split basis. Looks attractive but remember to just divide by 11 with this price and check the year chart to have a look at the real price based on share cost up to the split and keep in mind the problems they will have to overcome. Jim S

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