Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Yamana Resources INC. T- YRI -- Ignore unavailable to you. Want to Upgrade?

To: Daytek77 who wrote (1781)	12/2/1998 9:01:00 PM
From: Abner Hosmer	Read Replies (1) \| Respond to of 2346

Tony, I can roll the numbers too: Yahoo, closed today at 197, an increase of 788% from it's 52 week low, and only 13% off it's 52 week high. AOL, closed today at 88, an increase of 460% from it's 52 week low, and only 8% off it's 52 week high. Now lets have a look at some of the Voisey's Bay stocks. Try these numbers on for size: DML, closed today at .22, 92% off its yearly high, off 47% in the past 3 months, off 27% in the last month. NAI, closed today at .16, 92% off its yearly high, off 45% in the past 3 months, off 33% in the past month. LAB, closed today at .12, 77% off its yearly high, off 53% in the past week alone, right in the middle of drilling their most promising target to date. So "past tense" and "has been" look pretty current to me. If you don't believe me, just take a walk on over to the LAB thread. We can make the numbers say whatever we want. But despite any prejudice to the contrary, as Liz has pointed out, one approach is just as good as the other. That fact that the future is uncertain for AOL and YHOO doesn't help mining stocks, and it certainly doesn't change the fact that most exploration companies wind up with jack-all. There will always be plenty of good shorts in this sector, because the vast majority of companies burn all their money off without ever finding a deposit.