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Gold/Mining/Energy : JAB International (JABI) -- Ignore unavailable to you. Want to Upgrade?


To: Mr. Miller who wrote (1439)11/22/1997 12:10:00 PM
From: Roebear  Respond to of 4571
 
Mr Miller, I have gone over your posts especially those dealing with the JV (pre-announcement) and actually there was some relevant information there in the time frame and dollar amounts, although of course it was hedged well. So you went with the NY broker. I am more interested in the Colorado broker, have you contacted him? Perhaps the thing that impressed me the most out of all the broker information was this Colorado fellows conversation with the miners and their laughing at him. While I have only some exposure in actual mining I do have some experience with analysts visiting a company and the interaction with salaried and employees of the hourly type......very little if any with the latter!
If this brokers story is true I can draw a number of conclusions from it.
If you have no interest in calling him please email me his number, I would like to talk to him and who knows he might get a little business.
I am glad you are still posting here and ever your somewhat mercurial self too!<G> I would like to make a prediction and that is you will be back here amongst the invested posters soon enough (and welcome too).
BTW, if you are interested in ECO be careful of your buy price, ECO will now (barring anymore bad news) follow the POG which *may* have a spike down yet. Also, I have not completed my FA under the new restructuring, and although its chart this week gave some reassuring clues, I do not feel safe with it yet.

Best wishes and happy holidays

Roebear



To: Mr. Miller who wrote (1439)11/22/1997 4:38:00 PM
From: CIMA  Respond to of 4571
 
An excellent reality check. I agree totally. Thanks for the effort.



To: Mr. Miller who wrote (1439)11/22/1997 5:30:00 PM
From: virginijus poshkus  Respond to of 4571
 
Mr. M. my thoughts exactly, these guys have been keeping things close to the vest. with 50mm shs out now and a cigar smoked room deal it is the stockholders who suffer by not having the avialable information to make a responsible decision.

vargas



To: Mr. Miller who wrote (1439)11/22/1997 9:00:00 PM
From: D.McQ  Read Replies (1) | Respond to of 4571
 
Mr. Miller. I was sorry to hear that you had liquidated your position in BCMD. While a lot of investors like to liquidate at this time of year, I have always done very well leaving the bulk of my investment dollars in a stock like BCMD. Most years I end up with a nice little surprise for Christmas. (g)

This is my favorite time of year too, and it can get very hectic as I try to get everything ready for the holdiays. That was why I took Friday to catch up on things and didn't post anything.

BCMD's management have earned my respect and confidence. I am now comfortable enough with my BCMD investment that I no longer feel the need to follow this thread as closely. In my opinion, with such a good JV agreement the worst (ie. risk) is now behind us.

I am not sure I understand why you want a damage assessment. In my opinion, there has been no damage to BCMD's stock. This kind of a pullback is very normal and I have seen it have a whiplash effect sending the stock running back the other way. Especially if BCMD follows up with any kind of a gold release. On the other hand, I'm not expecting one next week because of the Thanksgiving holiday.

Just to refresh you memory as to what I now expect from BCMD, here is a post I made on October 19, 1997.

techstocks.com

<<<<<<<<<<<<<<<.There are many more expected news releases that are going to be put out and each news release WILL move this stock up. The usual pattern is a run to or over the $1 a pullback and consolidation around 3/4 to 7/8 then another quick double or triple usually over night or over a weekend, a pullback and consolidation then another double or maybe a triple. >>>>>>>>>>>>>>>>

I would love to have seen a bigger run on the JV news. But as I have said before that news was only important because of the financial situation BCMD was in prior to the gold descovery on October 14, 1997. We are now in a postion to make some big moves up as BCMD begins to release more information on the gold they have found and are now producing.

Darlene



To: Mr. Miller who wrote (1439)11/23/1997 12:26:00 AM
From: DDS-OMS  Respond to of 4571
 
<Has anyone asked why PR never told any of us that they
did a private placement in October?>

If you had bothered to read earlier posts, you would have known about the last PP. You have no one but yourself to blame for your lack of knowledge about this PP. This is the first of 2 or 3 posts in which I mentioned the PP.

techstocks.com



To: Mr. Miller who wrote (1439)11/23/1997 4:59:00 AM
From: Oscar  Respond to of 4571
 
Doc, if I were an MM and I'd read your post intra-day on Friday, all I would have had to do to get your entire position for 1 3/8 would have been to sell 100 or 1000 of my own shares at 1 3/8.

The same applies to all the selling Friday, all the way down to 1 3/16.

Volume was good-sized on Thursday's upswing, whereas sell-off volume (Friday and late Thursday) was back in the range of most days the past five weeks -- more like what you'd expect from weak-sister stop-losses being picked up by Market Makers.

A lot of the buying the second half of October was by day traders, as has been discussed at great length. Day traders are trained to bring their stop losses up quick and tight. They are also trained to sell the news, but usually tend to do that with stop-loss orders.

There is NO OTHER EXPLANATION that explains the sell-off. The notion that people sold off because of a $9-$16.5M valuation for 30-49% of the company is unlikely, given (1) cash is yeast here, not the whole thing; and (2) this is a forward-looking investment anyway.

A stop-loss sell-off is usually followed by a significant gain, simply on market action, regardless of news. I expected it Friday afternoon, and got a little of it (from $1.19 back up to $1.38), but I expect more this week and next. I added shares Friday.