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Gold/Mining/Energy : Global Platinum & Gold (GPGI) -- Ignore unavailable to you. Want to Upgrade?


To: d:oug who wrote (10095)4/10/1999 9:42:00 PM
From: Zeev Hed  Respond to of 14226
 
Doug, I am sorry I cannot help you, I have not followed MXAM, thus have no opinion. GPGI right now stinks technically, according to the charts it has a good chance of drifting back all the way to its low and still reach that target of 1/8, but this time if it does, it will be ominous, IMHO, and thus not a good gamble.

Last month I took a small gamble (courtsy of Chuca, no other) and took a double bagger on JNNE, just to leave the main part of the dish on the table (at Friday's close it would have been a seven bagger), so that tells you how good I am with those pennies.

My reasons for following GPGI was that it had a "story", Midas riches in the dirts. By jove, if that dirt contains even half of what it is claimed to have in the recent "samples", GPGI should have been in a positive cash flow position more than a year ago. It is not, and I believe hat trends have a tendency to continue.

Zeev