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Gold/Mining/Energy : Churchill (CUQ), PE of 3!

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To: speculatingvalue who wrote (112)5/1/1999 2:38:00 PM
From: Gulo  Read Replies (1) of 264
 
>>Any idea why Churchill is suddenly moving?

I gave it a bit of a prod.

The bids were piling up as more people got interested in the stock, probably because of the recent results. I saw that the asks were thinning out, and I wanted to get more before it started to move. Besides, I got tired of waiting. I only had 2400 to this point (@ $1.00).

Rather than begin to slowly raise the bid and start a race, I decided to take out the asks in larger chunks. I'm in now for 20K at an average of 1.12.

If you guys would have left some for me at <1.00, I wouldn't have acted to rashly! ;)

It may retreat a bit yet, so I'm waiting to get more.

Best of luck, and leave some for me!
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