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Politics : Bill Clinton Scandal - SANITY CHECK

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To: Lizzie Tudor who wrote (45239)5/3/1999 3:57:00 PM
From: Johannes Pilch  Read Replies (1) of 67261
 
Hell, Michelle (hmmmm-- a rhyme). I own lots of stock in companies that I really haven't much of a clue about. A have a general idea about them, but certainly no great amount of knowledge. For example a few years ago I bought a little Canadian gold company for pennies. Had little idea about the company and gold mining in general. I was given basic information about the sector, was shown its fundamentals (on the books the company was worth far more than it traded, likely due to the gold bear that was enhanced by the Bre-x debacle). So I bought about 200000 shares of it. The stock is trading at about $4 now, so relatively speaking I have done pretty well on it. I'm waiting on a particular announcement and when my people tell me the thing is in I will review it and then in some capacity move on. Do I really know what is happening with the company? Nope. HAve I been following it very closely? Nope. Would I discuss it with you in any event? Nope. Why do I own it? None of your friggin business. But if you were to ask me about the company, I could only speak in generalities about it. I guess this means I'm lying. (Dear me. What is it with California?)
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