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<DIV><FONT color=#000000 size=2>RealTraders Group:</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2>I've been following Energy Reserve, ERES,
for a while, after a friend's broker suggested it. </FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2>Recent 10-Q's at their site <A
href="http://www.cx-en.com/energy.htm";>http://www.cx-en.com/energy.htm</A>
indicate company has $7M assets, $6M equity, $1M liability. Cash on hand is $1M
and $3M more expected from a settlement soon. Accumulated deficit is $13M.
For the most recent quarter, revenue is up to $2M from $1.8M last quarter, and
earnings up to $0.299M from $0.212M which is $0.01 per share. New
management and a new temperature strip product seem headed for success.
Probable $200M in unrealized oil assets! </FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2>My question - why is this stock priced so low
($0.65, 20M shares out)!??</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2>With little experience in evaluating penny
stocks, I'd like anyone's honest comments on the RISK in investing in this
company. Am I missing something? What could go wrong?</FONT></DIV>
<DIV> </DIV>
<DIV><FONT color=#000000 size=2>-- Dick</FONT></DIV></DIV></BODY></HTML>
</x-html>From ???@??? Tue Feb 24 12:36:42 1998
X-Persona: <Neal-Halcyon>
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Date: Tue, 24 Feb 1998 11:56:47 -0600
Reply-To: mmangia@xxxxxxxxxxxxx
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From: Michael Mangiafico <mmangia@xxxxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Subject: gold
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Status:
I am looking at June gold right now. Time/Price have met and I am
looking at going long after approxmately a 62 % retrace from the
1/29/98 high. Any opinions on this. I feel this could be the start of
major impulse move up, possible beginning of Wave 3.
Comments, suggestions, analysis??
Regards,
MM
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