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Gold/Mining/Energy : PYNG Technologies -- Ignore unavailable to you. Want to Upgrade?

To: Ward Nicholson who wrote (2271)	5/23/1998 8:11:00 PM
From: Pierre J. LeBel	Respond to of 8117

Good evening Ward. It is taking a bit longer than expected but, as the man says, it is worth waiting for! Yes, we will be able to repurchase Pyng at about 1/3 of the price it reached last winter. I strongly believe that Pyng will make an excellent long-term investment. However, we must first lose speculators who got in as a momentum play last winter. Many of them have left already and more are leaving every week. Look at the chart: despite 'press releases' every two weeks or so, the stock has been going down regularly for the last three months. I was very fortunate to buy at 1.30 in February, just before the rise and sell a few weeks later very near the top when everyone was panicking to get in. One must remember the old adage: sell it when they want it! The way I look at it is very simple: if it was good for Mr Jacobs and other insiders to buy at .80 less than six months ago, it is good for me at $ 2.00, may be a bit more. Patience my friend, patience. Have a very nice day. Pierre