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Gold/Mining/Energy : Pallet Pallet Inc.
PPAL 60.100.0%Nov 7 9:30 AM EST

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To: AL R who wrote (149)3/9/1997 11:25:00 PM
From: marcos   of 451
 
No, they didn't find Busang. That means they won't get shaken down by the Indonesians. This is not a VSE/ASE/CDN mining promotion with an outside chance of accidentally stumbling onto something of value, PLT has what is IMO a good idea in a business with huge potential. Sure, they got way too far in debt, but they're out now. Sure, the market got carried away a while ago, but that was a while ago and now it's cheap. Sure, there's promotion, and probably attempts at manipulation, but this is the stock market, right? Sure, we'll see .34 or maybe .33 next week, but I'm betting we see .39 too. I like your attitude, Al, you sound like you've been around, and I hope your alternative to PLT does you well. I plan to sell maybe a third of position at .39 and get it back at .37, maybe twice. Again at .48 and .45-.46. Doing this a number of times with GTA has reduced the keeper chunk cost to less than a buck. There's a lot of opportunities out there, and I choose PLT and DEN for March-April, you choose something else. Let's compare notes on the week-end, eh?
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