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Gold/Mining/Energy : Epic EAS.v (formerly Epic ERB.v and Safari SIR.v) -- Ignore unavailable to you. Want to Upgrade?


To: harryx who wrote (2452)7/27/1998 6:39:00 PM
From: andrew r harwood  Read Replies (2) | Respond to of 3335
 
well it was a pretty nervous day in the markets today ,its hard to know where a safe haven will be , certainly there is absolutely no indication that that is going to be gold which continues to fall related to a strong dollar ,poor demand from asia and general commodity deflation including the price of oil , hard to see that turn around anytime soon which is why i like barrick as the safest of the golds though dont own any .interesting article yesterday in the new york times about the relative value of microsoft versus general motors and how ridiculously overpriced microsoft is and the reverse for general motors , also an interesting articles about the extreme values presenting themselves in asia with some good quality companies having a pe of 3 or less ,probably time to start nibbling there for those with a long term horizon
im surprised that clk still posts here , the other hypsters seem to have disappeared into thin air presumably after they unloaded there sweetly priced pp shares and options ,obviously .it was necessary to keep the price of the stock as high as possible for as long as possible after the annual meeting to allow for unloading of shares after the 1 year time holding period was over
so many vse companies have skirted the vse insider trading rules by rewarding people with sweetly priced private placement shares who in return promoted these stocks on venues like silicon investor ,promising the lurker that they were privy to inside info and the world didnt really know about this stock yet etc .its all turned to s--- now of course ,because there was no substance behind most of these companies just promises and the internet gave the promoters a much wider market than they had before, but most were very smart they did not post themselves in most cases because of insider trading rules etc but gave private placements to certain well placed people who posted on si a lot and then fed them the pap which they regurgitated very convincingly to the lurkers who bought the stocks up merrily thinking they were getting good inside info rather than being taken to the cleaners.trust and reputation is very hard to obtain and easily lost , i cannot see that trust in vse stocks returning for the next 20 years because so many have been taken to the cleaners whilst the regulators were asleep no doubt whilst watching the profits role in to the various stock exchanges, the opposite is obviously now the case .just my humble opinion of course .arh



To: harryx who wrote (2452)7/27/1998 9:50:00 PM
From: CLK  Respond to of 3335
 
I did not hype EAS and my opinion on the value of non hedged gold producers is of merit. Of course,that is in my opinion. Sometimes I wonder at the attitude some people express which can be hostile. It is really strange as the purpose of the threads should be to help. This thread helped me and, in particular, Harwood helped. We took different views and it looks like he is likely to end up right. Now being on the wrong side is going to happen to either the bulls or the bears on each play eventually so one cannot fault anyone for being on the wrong side. This stock was subject to hype but not on the thread as far as I can see. How have you done in the markets? Remember the thing about glass houses. Even in this play my view was never to pay more than .45 for it and I repeatedly said that. At one point I did flirt with raising it but over the large majority of the time I stuck with that position. As a result, I did ok even though this does not look all that promising at the moment. In general I have done quite well and think that my way of reasoning has merit. I am open to reasonable feedback as we all should be but your comment has nothing constructive to say. My feedback therefore is that you should try to be helpful or keep from saying anything. Remember, often, "when the lips are shut, the tongue is at home".