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Gold/Mining/Energy : Global Platinum & Gold (GPGI) -- Ignore unavailable to you. Want to Upgrade?

To: Vince Moretto who wrote (5113)	2/18/1998 9:50:00 PM
From: JACK R. SMITH JR.	Respond to of 14226

Vince, I hope I am right on GPGI, too. I view the stock as a screaming bargain at these levels, and as soon as I get an on-line discount account, I may start trading relatively small positions in the stock. I will keep my core position and will not trade large enough to have much effect on the stock itself. All the current moves are on small volume, so this market in GPGI is ruled by the nervous small investors and even the lesser informed of those who hold restricted stock. I am looking for a few more down days, and then a real bottom. It could go lower than I predicted, but then that will be it on the downside and we can look for the real progress. Silver--It is interesting to me that it has broken as slowly as it has. On Friday I could have bought an APR 6.25 put for $435.00. Today, that was worth only $750. I am predicting seven down days in silver. We have had only two. Figger that one out. I am not encouraging anyone here as futures and options trading offers great risk for the investor. Furtures trading without adequate stops and a good broker can be disasterous , and most uninformed options traders loose 90 percent of the time. Trader Jack