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Gold/Mining/Energy : Indo-Pacific Energy Ltd. (INDX) -- Ignore unavailable to you. Want to Upgrade?

To: Dan B. Brockman who wrote (672)	4/1/1998 1:24:00 PM
From: Owen Miyamoto	Read Replies (1) \| Respond to of 866

Based upon past experience, I still don't really trust the Indo boys but I recognize the pattern that is developing because it's happened before. Periodic results from the drilling can be reported and also skewed, like they were when the last major drilling attempt occurred. The stock was pumped all during the drilling and then surprise, the hole was dry. Granted, you aren't going to be successful in every drilling attempt but the hype t hat went with the last one left a sour taste. A few days ago, I noted that I thought we would start seeing upward volume changes and we have. I commented that when I saw the glossy brochure sent out that it was going to be the beginning of news releases and faxes being sent out. They have started. Next is going to be a gradual but steady increase in price as the drilling progresses. Did I buy more stock? You bet. I'm going to take advantage of what will happen in the next few weeks and make a few dollars. If they actually hit oil, terrific, but even if they don't, the stock is going up over the next few weeks and I expect to make a reasonable profit. I will even be so bold as to suggest that in late May or June, the stock is going to drop again and preparations will be made to get ready for the fall drilling in which Indo owns a large percentage. That will be the time to buy again and get ready to make some more money. Of course, I could be totally wrong but for at least today, that's my thoughts on things. If facts come out that make me wrong, good for the other investors who hang in there but I'm going to play the swings in this stock and make some short term money while I can.