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To: Lee Lichterman III who wrote (107078)	6/6/2001 9:28:42 PM
From: craig crawford	Respond to of 436258

>> I think I recall reading he dumped it on the spike over 7 bucks an ounce when news he had bought ran it up. he apparently sold into the rally since he had bought it around 3 1/2. Not sure I recall if he sold it all or just a large amount and then held some. << that's not how i remember the story. first of all his cost basis was around five dollars. yes, silver did spike above $7 dollars on the announcement for a short time, but in the press release announcing his holdings, he clearly stated no further intention to purchase or sell silver in the near term.. also, he requested physically delivery, which i believe didn't even occur until silver prices started settling back down.