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Gold/Mining/Energy : Royal International Venture RIL.V (was Labrador Int'l LAB) -- Ignore unavailable to you. Want to Upgrade?


To: 1king who wrote (816)5/13/1998 3:53:00 PM
From: Ed Pakstas  Respond to of 3380
 
Perfectly....;-/...ed



To: 1king who wrote (816)5/13/1998 4:12:00 PM
From: wayne cath  Read Replies (1) | Respond to of 3380
 
Did that make any sense?>>>>>>>>>.

I would argue that point for two reasons. One is that the volume the last couple of days has been relatively small when compared to other volatile periods for these stocks and the net has been a considerable price depreciation.
Secondly as you have all agreed there will be many trading opportunities, which by default means vultures waiting in the wings for the slightest sign of weakness, more than willing to hammer the price down.
We all, I think, expected some to bail at the resumption of drilling. I just expected better support.....



To: 1king who wrote (816)5/13/1998 4:42:00 PM
From: Winer  Respond to of 3380
 
It makes sense to me. The buyers at these prices will probably be more patient holders. Overall I don't think speculative investors make for good company supporters. Unless, that is, the company has a story worth sticking to over the long term. That is what Donner, so far, has benefited from.

This play is interesting because the longer it plays out, the more we have an opportunity to put each company under scrutiny. In this sense the play is an "internet" play because the level of knowledge, useful and otherwise, was not attainable by so many people in the past. In the end we will all know a lot more about the companies and the people running them. The successful ones will most likely be deserving of their success.