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Gold/Mining/Energy : Sideware Systems - SYD.u/V, SDWSF -- Ignore unavailable to you. Want to Upgrade?

To: flightlessbird who wrote (2743)	2/24/1998 8:12:00 PM
From: Gator	Read Replies (1) \| Respond to of 6076

Mr.Bird, You've got that Idiot's number... Later...Gator BTW, Saw your post at Stockhouse...The Pennies are a trip, from my personal experience (not to be used by everyone)... Bought PYOC at $1.00, it dropped to 0.03, bought more at 0.46, sold 1/2 at 2.80, it took 1 year... WAST bought at 1 3/4, held down to... you know, bought more on the way up (I think 0.78), it broke over $2.00 today...you have to have the stomach if you play, and further more when one chooses a "real" company like SYD/BNTI patience is the name of the game, the trick is to always buy within ones' means, and to have the financial means to average down...this however is contrary to my belief of averaging up... ITMT (In the mean time)... Shit, I'll buy a Fidelity Contrarian Fund... or short some silver contracts... still find it hard to take that guys advice to still short at 6.30 , must admit it's a bit over priced...now for today's metals, then I'm back to a project in the garage: COMEX and NYMEX precious metals futures ended mixed Tuesday, with gold and silver prices lower, but platinum group metals were firmer. "The news about more gold sales from Korea is weighing on the gold market, while Greenspan's comments on economy today and a slumping CRB index reinforce the idea that the economic scenario is bearish for gold," said Bill O'Neill, commodities research director for Merrill Lynch. In news Tuesday, the Korean Ministry of Trade, Industry and Energy said a campaign led by South Korean financial institutions had collected 222.8 tons of gold worth more than $2.08 billion as of February 21, and of that total had exported had exported 180.8 tons of gold worth $1.7 billion. The campaign to collect gold has been running since January in a bid to help restore Korea's foreign exchange reserves. Citizens contribute gold bullion and jewelry to the campaign and will get paid in Korean currency in six weeks time. "The amount of gold collected by the Korean campaign is now the size of an average European central bank sale of the kind we saw last year and is becoming very significant," one New York analyst said. (Reuters 04:23 PM ET 02/24/98) For the full text story, see infobeat.com >> Later... :>