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Gold/Mining/Energy : KOB.TO - East Lost Hills & GSJB joint venture -- Ignore unavailable to you. Want to Upgrade?

To: Dave E. who wrote (3120)	7/10/1999 8:22:00 PM
From: RIK	Respond to of 15703

Hi Dave Have to agree with you that NOW is NOT the time to play the spikes for small day trading profits . I seriously considered unloading in the $1.65 area with the belief that I could repurchase those shares back at prices that would make the flip worth very attractive. You just know that you would be joining a lot of others selling into the volume with the prices dropping accordingly. As it turns out I did not hit the sell button and in fact , ended the day adding to my position . The last few days of trading suggests that KOB has established a new base and that it will not take long for the upward trend reinforce itself. To start with I believe there are a few folks out there who did hit the sell button but have not taken their positions back [ or covered their shorts]. They WILL get back in and they likely will provide the impetus for further stock appreciation. I very strongly agree with the four points you made in post #3120 . This play is world class in potential and we are very , very close to receiving quantitative results. The great City of Calgary is presently in ‘Stampede mode' which is generally a fairly ‘quiet time' for energy shares in Canada. . Institutional and retail players are following this play very closely. Thanks for your posts and good luck.