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Gold/Mining/Energy : Golden Eagle Int. (MYNG) -- Ignore unavailable to you. Want to Upgrade?


To: Gerald L. Kerr who wrote (3847)5/29/1998 12:45:00 PM
From: Bradley G. Fraser  Respond to of 34075
 
I've been here a long time. There is my wooden chair on the veranda.

I traded MINE when it was in the .60›-.80› range. I have also traded as it has bounced around for the last two month's.

Then the promised press release hits the streets with the news that there is 6 MILLION PROVEN. In and of itself this is astounding "news". It is my belief that on pure speculation MINE's share price should have climbed/snowballed to over a dollar by now. The veracity of Guido's "report" would have little weight with those buying into "the world's largest gold find".

What happened? The share price (.28›) is once again sputtering along with ever decreasing volume and interest. The enigma wrapped up in a mystery called MINE confounds any rational criteria.

So, I guess I'll go play some baseball...



To: Gerald L. Kerr who wrote (3847)5/29/1998 3:04:00 PM
From: Mike McFarland  Read Replies (1) | Respond to of 34075
 
Hmmm, let me try that

5000 dollars/.29 dollars per share=17,241 shares
hey good system, I have about the right amount, hehe.

Here is another formula being used:

I want to be rich
rich=a million
a million bucks/share target price=number of shares
$1,000,000/$5 per share=200,000 shares

I think my target price ($1), shares (15,000), and bet
(including some loss taken this week total about $7,000)
are fairly reasonable, since I made a bit more than this
trading MINE already this year.

Of course the payoff if I see my target will hardly
have been worth all the effort and stress. For that sum
of money you could put yourself together a really nice
vacation, panning for gold somewhere nice, and I do beleive
it would be a more enjoyable experience.

All in all, this has been a pretty civil thread,
and if you are low on vacation time like I am, this
is still pretty fun panning for gold over the computer.