To: r gipson who wrote (17280 ) 4/7/1999 6:10:00 PM From: Patrick C Read Replies (1) | Respond to of 37507
To All, My wife and I are on opposite ends of the investing spectrum. ( She's risk averse, whereas I think risk capital includes my entire net worth!) She asked me back in January (when I bought BII) what investment I had made. I said that I had bought an interesting company in Canada ( trying desperately to avoid any discussion about the risk inherent in our beloved company). She asked if it was anything like her Bank Stocks. I said not really. She then asked if it was a Blue Chip company. I said I'll let you know in about 5 years. She then got serious and asked for some history on this new stock I had bought. So I told her how we had quadrupled our money in three months, ( YES guys, use "WE" when you are making money, and "I" when you are losing money ), how the company had made scads of press releases, how the establishment had embraced them by adding them to the TSE 300,how there were many rumours about senior companies in the industry buying them out, and finally about the fact that they had made no money as of yet, but that "there was gold in them thar hills!!!". While she missed all the Bre-X similarities mentioned, she was happy to know that on paper we could buy that spunky new loaded Jetta for her. She ended our conversation with one last question - What is your target price???? I sat silent for about a minute, and finally came up with this answer....."When the news comes out about a senior programmer falling from a plane to his death over the soon to be established office in Ireland, I'll sell our shares. Maybe." As long as BII doesn't set up an office at Busang in a joint venture with the ex-president Suharto, I think we'll be o.k. Good luck everybody. Patrick C