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Gold/Mining/Energy : JAB International (JABI) -- Ignore unavailable to you. Want to Upgrade?

To: Susan Saline who wrote (3830)	7/9/1998 2:07:00 PM
From: Eric Freeman	Read Replies (1) \| Respond to of 4571

Some of us tried to warn about this company for months - only got abuse and nonsense - the lesson - AT LEAST listen to the other side,especially when the hype takes hold, and the actual facts do not back up any of the claims. BCMD is (was??)(IMO) a classic penny gold stock (highly over hyped on potential/ weak on any results), and unfortunately coupled with a very poor gold market. Hope it works out for holders , but I doubt it. IMO - take your loss now, if you are smart, and you might salvage something. More important you can move on, plus not have to torture yourself. The value here is in the lesson that should be learned from these examples - the risk really is as great as people say, and more often than not, they just fade away.(after some few have made big paper profits - do you wonder who these might be??) My experience has been - you can make money in these stocks IF you pay attention to the hype - IE - only buy after looking at chart and buying at pre spike NOT when it has already moved on volume, then SELL on EVERY run up, and if you "really believe" and want to hold for "the big one" do it with stock which has a zero cost base. However the hype and brokers tend(and want) to keep you in till they sell their shares and when it reverts back to where you started or worse, you are left hoping. So you have to be disciplined - which is hard to do when these deals make their runs - that is the hook which few avoid. If that lesson is learned, you can make money on these penny stocks (IMO) Otherwise the odds are more than against you - since you are dealing with situations where real experience, is stacked against you and your greed. If you can learn to beat the promotion exercise at its own game(make it work for you) then you win. Easy to say - hard to do. Good luck. Eric