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Technology Stocks : CYRIX / NSM -- Ignore unavailable to you. Want to Upgrade?

To: Craig Freeman who wrote (21980)	12/10/1997 7:33:00 PM
From: Jim McMannis	Respond to of 33344

Craig, I used to make a living trading gold stocks and I can tell you they aren't for the faint of heart. They are the most volatile of all stocks. Earnings have a lot less to do with their price compared to the anticipated price of gold bullion. Leverage on gold stocks vs bullion is 3-5 times because the profits can fluxuate exponentially vis a vis the price of gold. Coming from these levels some gold stocks could easily quadruple with just a change in sentiment in the direction of bullion. At major bottoms like this, high cost producers are usually so beaten down that they react especially well to a chnage in direction of gold. The gold stocks will also lead the bullion off bottoms by a couple months. For that reason, T/A works very well vs fundamental analysis. Jim

To: Craig Freeman who wrote (21980)	12/10/1997 7:49:00 PM
From: Scumbria	Read Replies (2) \| Respond to of 33344

Craig, A few random points to consider: 1. More than 50% of ECO's gold production comes from a single mine which produces at a cost of $301/oz. - well below the 6 month average gold price. If other mines are not profitable, they may have to be shut down. 2. 20% of ECO's mineral production is silver. 3. The price of gold is up 35% in the last ten days. 4. ECO was up 6% today, which is approximately the same gain that Cyrix achieved during it's entire tenure as a publicly traded stock. 5. Microcenter's Santa Clara,CA store is selling Pentium MMX 166MHz/w16MB+1.6GB+video+PCI/ISA expansion (no CD) for $649. Intel is definitely playing in the low end market. Scumbria