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


To: Ally who wrote (6488)3/8/1998 9:39:00 AM
From: The Barracudaâ„¢  Respond to of 10836
 
I don't think anyone can know what is going on in this company except those that say they know. I told one PR guy last week that I had dumped my shares at $9.8 and wanted to go short.. He said don't! He thought the stock was a hoax but the KRY pr was too good. His opinion was that nobody should be long or short the stock; it's too dangerous.



To: Ally who wrote (6488)3/8/1998 10:27:00 AM
From: Fulvio Castelli  Respond to of 10836
 
Well, we whole-heartedly agree on your assessment of Mr. Asensio (you see, this is the new me...the OLD me would have said Assholio...hope I'm making you proud Chief). His attack was based on nothing but lies and yes, it was very self-serving. And of course, Barbara is correct too. In her perspective (as in politics) the truth matters not a whit. Go with the flow on this one and you'll make money. And Asensio certainly does seem to have the power to direct the flow of a stock. But I think that in this case, he does so only temporarily. (I know, I know Barb, you've heard this all before.) This is why I asked Barb that question as to how she determines when the risk begins to outweigh the reward without knowing anything about the company and without worrying about Asensio's amoral agenda (for both sides of this play).

As to where we're going from here, I think it is very difficult to predict. Failing further attacks from Asensio, the stock should rally this week. If he attacks again, we could (should) see another dip. But his attacks will become less and less effective and my feeling is that although further attacks from Asensio are inevitable, this stock probably will not go below $6 CAD.

As to where we'll end up given a positive ruling, well this depends on two things. The timing and the nature of the ruling. If we get it soon (i.e. next week) and if it is all we hope it to be (i.e. a declaration that the MEM's actions have been completely annulled) then this stock should skyrocket. Adding to the fuel of this skyrocket will be all of the not very committed shorts that jumped on the bandwagon last week. Given the current POG and assuming that the POG WILL rally this year, a reasonable price for KRY to 'settle' at after all the smoke clears should be in the $15-$20 range (with the short covering after-burner engaged, it should overshoot to the mid 20's). When they start mining, $25. (THIS IS MY OPINION ONLY.) And this is just for Las Cristinas. When Albino deep mining gets underway, and the other Venezuelan properties kick in, and the Brazil program kicks in, and the whole KM88 'big picture' unfolds, and the multi-resource 'wider picture' unfolds ... well let's just say that there is still lots of room for growth :-)

Hang in there.

Ciao.



To: Ally who wrote (6488)3/8/1998 5:12:00 PM
From: Keith Utz  Respond to of 10836
 
Denise, you summed up the situation very well.. and where do we go from here. I'm a first time poster on this thread but I see many familar names here. I have learned to respect the "short people" even thou it goes against everything I stand for...which is positive...build instead of destroy(yes,shorts can destroy some junior stocks) ..positive instead of negative ect ect. But Barbara did her DD and based on her experence with those that engage in this practice she decided to follow along and it worked out well for her this time. I decided to stay on the side lines because I don't trust politicians in this country or in South America but was rooting for all longs on this thread because we need a winner to break the long shadow of Bre-X. The longs may still win!!!!!!! You asked for other ideas. One idea is AVL.V...they have a web site and a thread.

IMO, one way to judge character is to see how those respond when things are going their way. For example E. Charters was quiet when he won the battle at PFG while others gloated. Some were gracious when they were right about IPMCF while others gloated. Its to early to gloat about KRY..the jury is still out. However the shorts have already won short term $ and the knowledge of the "short people" should be respected because they seem to have sources of information or influence with those that issue "news" that can hurt long term investers at least in the short term. Well...back to lurking status..good luck to KRY shareholders!!!!

Keith