To: Brumell who wrote (1389 ) 5/2/2000 1:04:00 AM From: koan Read Replies (1) | Respond to of 2255
Hi Brumell, how have you been? - someone once said "the sophistication with which one solves a hypothesis is dependent upon haw many variables one can hold in consideration at any given moment". So, my point is that when we debate as to whether the stock is undervalued or overvalued, we have to consider more than just the magnificent seven drill holes <gg>. We have to consider everything i.e. - will the mkt sell the stock lower, what is the district like, what will PGM's do tonight and tomorrow, what will the other companies in the area do, what are the other properties PFN has obtained worth, what is the value of the rumors about hole #8, why is PFN holding a news conference - they may be holding it to tell us they found nothing, Amplats is leaving and they are closing up shop - lol. What are the odds regarding the geology, what are the odds Russia has little PGGM's, what are the odds Zimbabwe will fall into anarchy, what are the odds civil war will break out in SA, what are the odds someone comes in and offers PFN $10 a share for their company and what are the odds several of the posters on Stockhouse know what they are talking about and on and on. This is what a good speculator would do. It is way to complicated for me, so I just listen to Buckey, Hatter and Just G and roll the dice <g>. Like Buckey said, "I have a gut feeling about this one" or something like that - sorry Buckey for not rmembering your exact quote - Buckey is usually pretty good natured about these sorts of things <g>. But, that gut feeling Buckey and I have is really an unconscious composit of all those variables I mention above and then some. However, Many times in my life my gut feelings have been dead wrong - lol. We shall see on Wednesday. Pretty esoteric. But my favorite quote of all times is by HL Mencken " for every complex problem there is a simple answer - and it is usually wrong" - lol. Just having some fun Brumell, and elect - and not at your expense or anyone else's. This was just meant to be a rhetorical diatribe.<g>. I don't mean to offend anyone.