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Strategies & Market Trends : Winter in the Great White North -- Ignore unavailable to you. Want to Upgrade?

To: Condor who wrote (3041)	9/18/2002 11:13:30 PM
From: WillP	Respond to of 8273

Yes Virginia.......... Ahh, but I had my shot at that, and blew it. The stock in question was Reako Explorations. I bought it in the late '70s or thereabouts, using some TA hocus-pocus that I invented. That was my first mistake. The stock dropped to within one cent of my bid, which I think was 91 cents, then took off. I finally caught up to it at about a buck-fourty. That was my second mistake. That was close to its peak, and it promptly collapsed like most VSE stocks did. I promptly forgot about it, as the delinquent filers and cease-trade-indiviuduals mounted in the 1980s and rarly 1990s. Finally, it was consolidated on a 1-for-5 basis into Redell Mining, in 1993. That left me with 100 shares. Redell's moment of glory came in 1996, amid tales of visible gold and overzealous resource estimates. It may have peaked at about six bucks or thereabouts, which was close to breakeven. I should have considered it a gift horse and sold it. Third mistake. Sigh..... The VSE suspended Redell in 1996, for a variety of reasons -- none of them good -- and that was it. In 1998, trading at four cents, Redell became FM Resources through a 1-for-20 consolidation. That left me with five shares. Late last year, FM Resources traded for two cents. That made my position worth -- wait for the math -- five shares times two cents a share equals a shiny dime. It's much better today, having traded 100 shares at 13 cents, which makes my five shares worth 65 cents. Geez, FM Resources has managed three news releases in the past four years, including none since late 2000. It didn't even attract attention as a high-tech convert in early 2000. Sigh. Gotta go. My cat is hissing again..... [grin] Regards, WillP