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


To: Peter S. who wrote (2790)1/30/1998 1:54:00 AM
From: Eric Freeman  Read Replies (1) | Respond to of 4571
 
Let me see - can I make it more clear - or should I heat up the BCMD thread for a bit of fun. I am not implying anything I am saying exactly what I think - then I asked a very straight forward question I think many would probably like to know the answer to - who has been selling? Many, a few, the wise, the inside, the investor - does anyone have an answer? Does anyone question where we get price predictions pulled out of the blue sky - I think I have heard $7,$10,$20,$40 at one time or another over this thread. Do think about it for a minute though - obviously somebody wisely or mistakenly has, should I say it -been selling. I am sure not because they feel that the mother load is sitting there, or that the stock is going to $40 - so why? Maybe just taking some of those short term profits? You know -got the stock real cheap, and lots of it. Or are they selling stock they bought at 2$ - I wonder. As to your multiple choice quiz. You tell me the answers since you seem concerned.
As for me - I do not know. Its that simple. I like the potential story, I do not like the trading pattern, nor the number of shares out, and I have heard many similar or variations on this same theme over the years, and most do not work out as expected. That certainly is a true statement and anyone who has followed this type of situation before would have to agree or be just plain dumb. But you can win big, no doubt about it.
What ever the case, I am not going to be responsible for making this story unfold one way or the other.
What I will do: trade it at any moment I feel that it looks right, or I will not touch it at all. I can miss a move, I can catch a move etc. But right now - I am just watching, listening, and yes commenting - - an observer, what fun.
It amazes me that many want to read more into it - maybe I am the only objective one on this thread?
- Its a paradox isn't it. If you do not know the answers to those pressing questions, then heaven forbid, you must be taking a gamble, speculating, - does that make you something similar to a day trader, or is it a higher level of moral existence. I have it, time makes you an investor, then a believer and then a diehard. Don't you still have to sell in the end? And you do win or lose. Have I got that part right? So if holding "long term" is the real answer - then never let it be said that I would disturb such a lovely concept. Shucks - sounds down right patriotic in fact. You all hold, we all trade, and you get left with all the paper if things do not work out. Or you get rich cause you hit it big - but do you ever sell? Or would that make you a trader?

Eric