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Gold/Mining/Energy : ABC - Abacan Resources, Nigerian Oil $$$ -- Ignore unavailable to you. Want to Upgrade?


To: Ken O'Connor who wrote (3137)3/2/2000 7:35:00 AM
From: pete meyer  Respond to of 3156
 
What most forget ,is that even if the worst should happen bankruptcy rears it's ugly head this does not mean that the share price level will go any lower then what we see now. The stock will continue trade. If they don't file and if it goes to the pinks and all the furniture is sold the stock will continue.
I had a stock not long ago with a 'Q' the Co. did nothing there wasn't even contact, well it went from .03 to .25 on one little reverse buy rumor. This happens all the time.

If at present there is 1/4 of an ounce of good news with Can. Oxy we will (even if ABC has only the porta toilet consession) we will see .30-.50 in one day. So if any of you had averaged down, the sky is not falling.

good luck all