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Gold/Mining/Energy : Global Platinum & Gold (GPGI) -- Ignore unavailable to you. Want to Upgrade?


To: Ed Fishbaine who wrote (6495)6/30/1998 7:54:00 PM
From: Zeev Hed  Read Replies (3) | Respond to of 14226
 
Ed, : "I am puzzled by your comments. They seem to gravitate from positive to negative
alternately. But that's ok because events are confusing."

Your problem is that you are in love with this stock and thus blind. When one is truly impartial, one sees the positives and the negatives. The fact of the matter is that the negatives far outweigh the positive at this point in time.

You dress every tick as either a great positive or the action of the "evil forces". I think that most readers of this thread, many of which are veteran of other DD's wars, just do not swallow this nonsense anymore.

I have been posting on this thread for two years, and I am quite impartial, when I was positive on the stock I explained why based on the information I had from the company web at the time. For more than a year I have been completely out of this stock (at $2.5/share) and I have posted that fact on the thread. I have also been waiting for a reentry point, and few times even pointed some short term trading opportunities. I think that if we compare your over zealousness (almost CL like, "if you are not long you are wrong") to my impartiality, even you will have to agree, that so far, I have been calling the future action of this stock at least as well as anyone else on this thread. So cool it off with the big hope and start and look at reality, the fact is that the stock has not been so low for almost three years (at least as long as I have been following it) and the continuous sooth saying just lead additional people to, possibly, prematurely coming in.

Whether the misfortune of GPGI are due to outside "nefarious forces" or to unfortunate events, or to the management inability to bring a process to a streamlined positive cash flow situation is absolutely irrelevant. The relevant thing is that the behavior of this stock at this point in time says, "stay away and do not come back in", unless either the stock show very strong technical underpinning (like breaking through 1 on heavy volume) or, it is absolutely clear that a streamline, positive cash flow creating process is in place, or that a washout or capitulation is demonstrated with a volume price reversal type of pattern.

I thought that 5/8 would be the bottom, I was the first to say I erred and right now, I know not where the bottom is, it could even end up on the heap beside other DD's. Since I do not have access to any of the financial information of the company (burn rate, cash on hand, capitalization, sources of additional cash etc.) I certainly cannot make a call on that. Maybe you have this information, but my suggestion to other readers is that unless they have examined such financial information, they should assume that the financing well might become dry. Just because you say it is not so is not enough as far as good due dili is concerned.

Finally, who are you to lecture me on what I can or should say, or whether I should be positive or negative. Get off your high horse and face reality for a change.

If you want to suppose that I belong to some dark kabal that has as its goal bringing GPGI down, you are welcome to your suppositions. I can give you a list of ten stocks were similar accusations were made against me at one time or another, and in nine out of ten (including IPMCF), it turned out that the old principle, If the TA and the FA do not jive, believe the TA, worked out.

Zeev