Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : ARSD - ARABIAN SHIELD DEV -- Ignore unavailable to you. Want to Upgrade?

To: buzzlite who wrote (34)	11/16/1999 5:21:00 PM
From: AnnieK	Respond to of 36

I spoke with Donson Brooks at Salomon Grey. Typical stockbroker trolling for new accounts - I declined. He's contacting current ARSD stockholders because he sees ARSD as being highly undervalued, especially with the recent acquisition of a Mexican company (in the fine print on Yahoo! today). He said there's "news coming out soon which will take the stock to 3 1/2" and is asking current shareholders not to sell into this news because he believes the stock will go even higher. His firm is buying small lots as they are offered, trying to be careful not to raise the bid. He said they bought a good chunk after the close today (can anyone see this trade?). OK - I'm just the messenger here and am very dubious of anyone who makes such a statement about a stock's price. However, I'm considering averaging down so that I can (maybe) get out a break-even or with a small profit. If anyone else speaks to Don, let us know what you hear.