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Gold/Mining/Energy : Crystallex (KRY) -- Ignore unavailable to you. Want to Upgrade?

To: viper who wrote (5784)	2/26/1998 10:36:00 AM
From: Serious Info Guy	Read Replies (4) \| Respond to of 10836

TO ALL: Help I need info..... I have been watching a stock EWK (vse) " Earthworks Industries" this stock is breaking out! How does one start a new thread on SI? This one is a winner with very little down side....they are constructing a Web Site and apperently 6 promoters are coming on board in the next few days...... I was a buyer at $0.60 and the company has a low of $0.50 and a high of $1.70 From what I hear the company has 5.5 million out and of that 3.8 million are restricted from trading for another 12 months....take a look and let me know what you think? Thanks all in advance for your help Serious

To: viper who wrote (5784)	2/26/1998 1:56:00 PM
From: marcos	Read Replies (1) \| Respond to of 10836

Maybe it's a combination of two habits; 1. I just tend not to chase stocks up. Bottom-fishing, especially at tax-loss time, has served me well, and this is the time of year I usually start reducing what I picked up in December. 2. I've been watching KRY for over a year, and steadily since early July, and while I kick myself for not playing last summer (had a finger on the trigger that day KRY was at 3.50-4.00), paying now three times the price would not improve the self-assessment. But one thing I definitely won't do is short it, even at this level - one of these days that decision is coming (maybe Tuesday), and I see a strong chance that it will favour Crystallex, maybe even hand them the whole enchilada on a platter. There does seem to be a large short position (it would be nice to see accurate figures on that, eh), and a short-covering spike does seem likely. It would take considerable margin credit and nerves to hang onto shorts through that spike, until the reality of owning a gold mine in this market set in some days or weeks later. For a better short, take a look at KLA.V, and the insider trading history of its principals. Also the charts of their previous companies. And for a quality bottom-fish (spam alert -g-) - Minefinders; 207.183.153.73 ............. cheers ................. marcos