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Gold/Mining/Energy : Tracer Petroleum (TCXXF) -- Ignore unavailable to you. Want to Upgrade?

To: virginijus poshkus who wrote (853)	11/30/1998 11:04:00 PM
From: Jim Daly	Read Replies (3) \| Respond to of 1261

New reports... Big losses. De-listing again a factor. Sorry I pulled for these guys for so long. S**T! It seems that I have made a bad call on the future of Tracer even though investments in wildcat oil companies are a crap shoots at best, I felt, that (given enough time) they could pull out of the muck and mire. Alas, Tracer is going through an accelerated version of the slump they suffered back in '95. It's Big Cap / Blue Chips from now on for me folks. No more crap shoot "Gee, these guys can make something of themselves" longshots. Expect at least a .25 drop tomorrow at the open. Look for it to bounce back a tiny to an 1/8 and settle out around 5/16. If anyone up in Canada can get their mutual heads out of their collective asses and close a deal. Well then maybe something will come of this fiasco. But, I'm not putting any new money on it. I feel I have been more than fair and reasonable with these guys. I have cheerlead because I felt that they would do the right thing by the shareholders. I have sat through 5 years of losses and continued to wear the rose colored glasses. No more. To think I could have gotten out at $2.50 with a minimum loss. IBM,MSFT,DIS,GE and so forth. These are the investments for me. Long term. DCA. Distainfully yours Jim