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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?


To: Broken_Clock who wrote (10756)6/23/2000 7:01:00 AM
From: Roebear  Respond to of 78517
 
Papaya King,
Hi PK. A quick look at the chart says 25 could hold and if not its likely 21 will. I've been buying the last two days, mostly at the close yesterday. To me that computes a downside of 4 bucks compared to an upside of 25 to 50! With the PGM's at high prices and SWC's hedges much more favorable than in the past, progress being made on increased production at Stillwater and the future East Boulder, I don't believe the odds are against me.

Progress for Stillwater has been slower than expected, but what else is new for mining companies, ggg. SWC has been prone to shakeouts before, to me this looks like another chance to catch the bargains falling out of the shakeout tree.

If it hits 20 I may mortgage the house, VBG.

Best Regards,

Roebear