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Gold/Mining/Energy : Steppe Gold (SPE:V) -- Ignore unavailable to you. Want to Upgrade?


To: Robert Dydo who wrote (805)3/25/1998 9:30:00 PM
From: tango  Read Replies (3) | Respond to of 1248
 
i am unsure of the "more data" you wish me to study. When i referred to the stock being $3 I am referring to trading with the trend not to the financial condition of the company. Your commment confuses me because they have little to do with one another. My point is, and we all agree on, this project is massive and very attractive if it works. why not leave some money on the table and let the cowboys take the super risks, there will be cheap stock available if the project advances. I can't believe i am the only person here who thinks that such a strategy is a good way to trade this type of company.

There will NOT be a massive jump on this stock when financing is approved as there is way to much over hang on the market and lack of interest in golds and you only have to look at other miners with recent financings to see that.

Brian: the work i have done on this company is nothing more than personal DD and i am sure it only scratches the surface of what you have done, but it appears you have much more at stake.

I would view investing in ballard power at this point about the same risk level as SPE and don't find the so called financings some car companies have made as signifigant to the expendatures they make on a regular R and D.

I have always found it interesting that when a neutral participant comes on to these threads, Some with a vested interest become defensive and take things personally. Because i happen to trade with the trend doesn't mean i am wrong, it is how most other traders put food on their table.