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


To: Linda Kaplan who wrote (2651)1/15/1998 4:41:00 PM
From: Eric Freeman  Read Replies (1) | Respond to of 4571
 
Insight into erosion Linda: BCMD: lots of stock out, speculation is what has driven price, gold up today along with XAU, and all major gold stocks. What does it mean? Someone with lots of shares is selling into strength of gold move, while they have a market for their shares.
If you believe in BCMD potential great. But it is one of many situations, and at todays depressed prices MANY speculative mining ventures look attractive to traders and people fishing for a low.
If BCMD has the goods(BIG gold find) then great, up she goes. If not, it is down. It is that simple, no matter what gets said here. So take your best shot, but it is a long one in my opinion, which is obviously not popular here. But then that is the fun of it all.

Eric

PS The buy up at the end of the day - looks typical to me - close does not represent what is taking place - IMO