Post by Admin on Aug 25, 2004 9:42:57 GMT -5
Azco Mining Inc - Special Update
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AZMN - Can Lightning Strike Twice?
Having watched the accumulation of stock in this issue over its past two years of base building, we have observed certain behaviors that are often characteristic of stocks that are basing. The classic symptoms of any bull market are increasing upside volume on the upward impulse waves or on each upward thrust followed by low volume pullbacks or quiet days.
Most times Azco has had quiet days or even days when little or no trading occurred, some initial volatility, often followed by stronger action later, has invariably ensued. What we have been trying to alert you to in recent days and weeks is the longer term underlying behavior of late in this issue. We understand that the basing action such as is the current pattern of Azco requires the patience of Job along with a strong commitment and all the necessary discipline required to take advantage of unforeseen opportunities as well as dealing with the frustrations of waiting things out. That's the hard part. But we also know the company could get news relating to its filings at any time and it could hit right out of the blue, like a thunderbolt. And, since this will likely be a precursor to promotion to a higher exchange, it surely implies higher prices.
We already know that Azco is extremely undervalued by any measure and therefore any kind of unexpected positive news could send this issue soaring and those who are not already heavily on board may have to chase or could even miss the richest and swiftest part of any unfolding upmove: It's always hard to chase. Much better to be invested beforehand. Again, we remind you from recent other basing examples, nobody rings a bell heralding the exact moment of lift-off. We are sounding the alarm through this missive that we feel things are very close and bases tend to end without any warning.
It is our view here that Azco's base is composed of multiple series of 1-2 waves that will be followed by the first in al long time and most powerful third wave in many years that could be the beginning of the kinds of gigantic percentage gains we have alluded to here, that could happen. The smart way to approach this challenge, is get positioned for reasonable expected gains of upwards of 100% ~ 200% for starters. The idea being, that if the stock appears poised for far greater gains as we believe and behaves as such, then maintain the discipline to stay with any prolonged move the whole way.
Can lightning strike twice?
Maybe...
One or two of Azco's largest shareholders have stories to tell and they can see equal or greater potential here, but they also recognize that it takes great patience and extraordinary discipline to see things through to fruition. One individual was involved in a situation not unlike Azco, where he eventually acquired a very significant position in a stock that at the time was going nowhere at around $1 per share. but the company did have a few good things going for it:
An excellent recovery business plan, proven and effective management and the stock had a phenomenal base, not unlike Azco's and slowly but surely, the stock began to climb higher and higher, all the way to $50, where it kind of stumbled for a while and since it was around the heady times of the year 2000 at the dawn of the 21st century, our smart shareholder in the interest of prudence, duly took his profits, no doubt with a happy smile on his face for managing to overcome the very early difficulties and frustration that surrounded his decision to make the acquisition of his position in the first place.
Remind you of anything?
But that's not the end of the story and there is a huge lesson to be learned by all readers here to never place any limits on the upside on how high a stock can go. Because as a measure of just how huge this move was, amazingly, it was akin to buying the Dow Jones Industrial Average at 20, but instead of the mid-19th Century, it was in the mid-nineties of the late 20th Century and in just 5 years, seeing the Dow go to 1000 and get this, only 4 years thereafter, going to Dow 10,000 plus.
Yes, that's right and that very stock in question closed at over $500 per share yesterday, actually $507 to be precise and in fact was one of our recommended buys on a dip to low 400's earlier this year. This has to be one of the most amazing stock stories of all time, because, not only did this issue enjoy a meteoric rise over just a few years, if actually defied logic and virtually the entire rest of a bad market over the next three years and one of the worst bear markets in history to rise a further 1000%, an absolutely incredible accomplishment in of itself and really and truly the stuff of Wall St legend.
So our advice to you is when you buy Azco: Think of this story, not necessarily because Azco will emulate the issue's truly mighty performance, but it could and here's why: First and foremost Azco already has proven intrinsic values that are up to 50 times its current value. The other day we suggested that Azco's has a pretty good chance of increasing its current meager market cap in the range of $5 Million to on the way to $500 Million, just based on what we already have. But Azco has a much greater asset than that, in the form of its President and CEO, who not only has an extraordinarily proven track record of creating wealth in the hundreds of millions with many of his initial discoveries from his prolific and highly accomplished career still in production today and continuing to generate wealth.
Second and equally as important for any mining issue: We are in a long term resources boom and consequently our CEO and President, Dr. Carson has as his mission statement on Azco's website the following proclamation and bold refrain.
"I intend to redirect the strategic future of this company to include identification and acquisition of high quality Gold, Silver and Copper resources".
Dr. W. Pierce Carson
President and CEO
Azco Mining Inc
President and CEO
Azco Mining Inc