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Politics : Ask Michael Burke

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To: re3 who wrote (58899)5/9/1999 12:04:00 PM
From: Knighty Tin  Read Replies (3) of 132070
 
Howard, Yes, the Peter Tosh album with "Downpressor Man" is "Wanted Dread or Alive."

Bre-X had a huge run-up in stock price due to the co. announcing major discoveries at a mine they owned. They had the report of a respected geologist confirming it. Then, rumors started that the mine was actually not commercially feasible, and the stock started to crumble. The famed geologist fell out of a helicopter near the mind either just before or just after this happened. The stock fell out of a helicopter, too, as the rumors proved true.

Many fund managers, including some quoted in Barron's, were snookered by the crooks, but the big losers were the individual suckers who wanted to get in on the ground floor.
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