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


To: Michael M. Cubrilo who wrote (428)5/9/1998 9:44:00 PM
From: Buckey  Respond to of 1207
 
HI Mike - OFF TOPIC - speaking of perserverance on drilling a claim - I
read not so long ago That AMOCO had shot 46 blanks in a row offshore
which was quiet news in the paper BUT just yesterday the local TV media
had a story that they have the industry abuzz with something.

Unfortunately for us penny players, no pennies can really get involved
in this game because of its very nature - Jack up rigs at $100,000 - $500,00
per day ( I am guessing).



To: Michael M. Cubrilo who wrote (428)5/11/1998 10:21:00 PM
From: kingfisher  Read Replies (1) | Respond to of 1207
 
Micheal,
Regarding your statement " if however the right information is released to indicate this may be a great discovery I may be into the stock".How can you assume that Tusk stock will be available at this level or lower if such an announcement is made?
If during testing results are spectacular we will see this reflected in the stocks price by the privileged who have access to the information and start buying .
Assuming this scenario unfolds Tusk will start to creep up towards a new 52 week high and you will not have purchased because you are waiting for the right information.
If and when the spectacular results are released after the market closes the stock would probably gap up significantly and the price to participate in this discovery would be at a level outside your comfort zone.
My point is that there rarely is a green light flashing to indicate the correct time to purchase any stock.

Richard